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2.0¢ freedom insurance group ltd

Ann: Freedom announces business restructure, page-13

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HAC30

5,127 Posts.

367

02/10/18

19:58

Post #: 35968081
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Originally posted by murrayrt ↑

It appears they still have a business with 350,000 policies in place. That is a lot of policies. Yes overall revenue will be down but so to will expenses. It may not be worth what it was some time back but it is still a viable business I think. 90 cents to 13 I think it is a big overreaction. I and a lot of others hope I am right. I think that those who say it is worthless are down rampers and don't really know.

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Yeah but their lapse rates were already really high before the RC... Add in no longer writing new policies, an increasing lapse rate due to the bad press and the potential for class actions etc and I can see this being in a lot of strife.

FIG Price at posting: 13.0¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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