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.
What do you think the earnings history suggests? Probably worth...
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