Well yeah I'd be worried about b in the short term, if they sold...

Well yeah I'd be worried about b in the short term, if they sold both off that's about 25% of EBITDA at the moment, but the latest language is to exit SACCs, not personal AOC loans and MACC, that could imply the branch network could cease offering that product and continue if no reasonable buyer found, while online could be sold regardless, for example.  But, if they sold both that would be 55m+ in cash just selling based on the loan book value to fund new auto loans/AOC broker personal loans. There would be a lag to the point FY20 may see no growth, or decline, from loss of EBITDA and maybe some restructure costs like you say, but the medium term (EOFY21) picture would be a secured loan book getting up to 500m with the cash and funding deployed, which could generate in the region of a 60m+ NPAT run rate (32c EPS * 10 = $3.20 p/s + divs).