I walked away from the meeting with a solid belief that the upcoming changes to the Bankruptcy Act will play straight into FSA’s hands. Creditors are going to be more willing to enter into less formal payment arrangements going forward. FSA will put the deals together.
I am not exactly sure why the shareprice has been punished lately. If it’s to do with the upcoming senate inquiry, then it would appear to be unfounded. The board do not believe that debt agreements will be a target. I hope they are right.
There is a lot of transformation going on with outsourcing and processes being reviewed. I think FSA will come out of these changes a lot stronger. The board wants to grow the business, you can expect an increase in advertising.
Nice meeting you @Klogg. Fortunately I got to miss all of the Sydney Airport kaos! I got lucky for a change!
I walked away from the meeting with a solid belief that the...
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