Correct.However they are now doing the work they should have...

Correct.
However they are now doing the work they should have done in the first place.
It is upward from here but BPAM have been getting very large fees from administration and not from performance.
Note the comment about the borrowings not being impacted by finance measures because they are using non-bank financing. Why wasnt this used previousily when they reduced the Cash by some $35m.
I really think this is a great model for Australian Export business to use but as a Australian Shareholder we have been right royally screwed. Unfortunately BPAM will screw us again going foward as they climb to profit.
Shame Shame Shame BFC.
You only work for Corporate and BEOT.
For all the people lamenting the so called changes by Labor for franking credits... how about you take some time out for the way their is no trickle down in the economy. BFC paid a dividend in the first year but never since stating "your better off to have your money in the bank." Ever get the feeling Instagram never ceated Influencers.. they were already there "trickling sh*t down to the plebs."
BFC to its shame plays to the BEOT when it didnt have to.
*rant over*