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2.0¢ freedom insurance group ltd

Risk is ASIC orders a customer remediation program for selling...

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6,350 Posts.

65

04/10/18

20:17

Post #: 36002059
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Originally posted by bwahid ↑

Yep agree debt is not their problem and I dont think short term profitability is either... existing customers and significantly reduced costs.

Hence if they can come up with a decent operating model, and I am very certain they will come up with a model within next 2 months, this will bounce very hard.

They have plenty of cash to weather anything short term and st Andrew's isnt the be all end all. Fig is a company that can bring into market other insurance products... they just need to work with the regulator.

And I dont think Deloitte doesnt have a plan for something... it's not like a top 4 accounting firm just tells a company to stop selling and doesnt have a strategy around it.

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Risk is ASIC orders a customer remediation program for selling junk insurance

FIG Price at posting: 9.0¢ Sentiment: Sell Disclosure: Not Held
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