TGA thorn group limited

Its a funny old stock..., page-36

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    TGA is substantially a finance company, and for a finance company its debts are low. Comparable companies like SIV and FXL have much higher debt/equity levels, as do the banks. If TGA can borrow at x%, and deploy the funds at a healthy multiple of that, then it should borrow.
 
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Currently unlisted public company.

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