yeh noted, it would be nice to see the contract and see how its constructed, can their pricing be 10% above ARC given that they did pay up front, for example?
one of the board members from 2018 suggested that Suncorp should give the whole SMART to them at no cost and get a 5-10-20% discount . But suncorps books looked ugly and this 400 mill propped them up.
how they could sell an asset and call it INCOME is still above my pay grade. I sell my car, its not income, its an asset sale. they have done similar with smaller insurance arms and now bank. suncorp couldn't run a chook raffle
Ann: 3Q24 Quarterly Cash Flow and Activities Report, page-39
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