I see what your position is. FFF has the clear profit advantage over the likes of MOC as it is not just clipping tickets of homeloans writen via big four...but is involved in the manufacture of the debt products, hence much more profitable.
Yet to see if recent FFF purchases are delivering on what management had hoped.
And yes, they would never have been able to get this level of debt without the backing of Tony Wales.
Kiril.
fundamentals anyone following, page-14
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