this business is in trouble.
the leasing business is dead. their SME customers will be screaming financial hardship and bad debts will mount. think customers with Fitout but not trading or customers in transport.
broking will be in reverse and there will be pressure on the aggregation business as banks cut volume bonuses to protect their dwindling profits.
I can see no positives at the moment other than a cheap share price. but it's cheap for a reason.
Ann: CGR: Update on Corporate Activity, page-8
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