Interested to hear your 15% calculation Warnie. TIA
Income stream is profitable in this sector - hence the reasons why Trinity decided to "focus" on this area. Afterall it was worth paying $1Mill for $100Mill worth of business.
Income is income and given that they have a $7.4Mill claim by CVC in the court processes and lost $96Mill as per their 1/2 yr accounts Dec'08. Then there is the $7mill for Brindle and Leigh - money is getting away from them at a rate of knots - it is no wonder Seymour was/is disgusted....
The success of the tender process will depend on Sunsuper and how far Trinity's management can extricate the company's reputation from the "deal".........
Still looking though....
TCQ Price at posting:
7.7¢ Sentiment: None Disclosure: Not Held