Not the case study that you would welcome, page-59

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.