What do you think the earnings history suggests?
Probably worth noting their Total Revenue has almost doubled from FY15 to FY16 following the Quindell acquisition so I wouldn't invest too much predictive quality in prior year numbers. They are now a materially different business to the one last year which probably goes without saying (not a bad thing IMO).
The Company needs to recognise all of these one-off costs and we need to wait for the dust to settle to know what is really what.
The proposed UK reg changes haven't been approved/implemented yet, and whilst the Company alleges these potential impacts have already been factored into their Goodwill Impairment, this may end up surprising on the upside.
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What do you think the earnings history suggests? Probably worth...
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