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2.0¢ freedom insurance group ltd

And now the facts are slowly coming out. My source was right.

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noomxx

1,416 Posts.

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06/09/18

18:21

Post #: 35453159
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Originally posted by noomxx ↑

I can't attest to the person's reliability, but a source told me the number of outbound sales on funeral insurance is 'significant'.

This is bad, 88% of their total sales is funeral insurance. If a 'significant' % of this 88% is going to be banned then FIG will be in trouble.

Their underlying business model is now at risk, and the cost of retrenchment and re-organisation will chew into that NTA. (so not much comfort with the share price trading below NTA). The company is also at risk of operating at a loss until it can get a new business model that does not involve outbound sales.

Off loaded most of my position at a loss.

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And now the facts are slowly coming out. My source was right.

FIG Price at posting: 16.0¢ Sentiment: None Disclosure: Not Held
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