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2.0¢ freedom insurance group ltd

$18M in the bank, less staff cost, less running costs, less...

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street talk

6,350 Posts.

65

06/12/18

15:12

Post #: 36773109
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Originally posted by Crocodile2017: ↑

Days like today are the days that sort the Boys from the Men.

This should be a buy, because everyone is panic selling... they have $18M in the bank and still have a log book of customers they can flog off to the nearest competitor.

The liquidity shortfall just means Revenue is less than Expenses which is obvious seeing as they are no longer selling insurance.

Am I buying? No... but I would if I had bigger balls.

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$18M in the bank, less staff cost, less running costs, less remediation costs, less legal costs etc etc

days like today sort the smart from the fools

FIG Price at posting: 2.7¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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