Ann: FY19 Results Presentation, page-7

Haven't had much time to look at this. unfortunately there is some quite useful information that I can't see. The cash liquidations received by vintage is a very useful set of numbers. It is one of few pieces of information that allows one to profile collections again acquisition year. This in turns provides a view of ultimate collection multiples and what future cash flows on existing assets and future purchases might yield. From a quick look I couldn't see this but of key info (might've missed it).

Less important is odd language around the accounting standard change. The application of amortised cost hasn't changed, but they talk a lot about the impact of the change. A tidy up of past, an opportunity to be a bit more aggressive, I don't know...

If I have time will look to run some numbers but a lack of time and other priorities means I might not get to it. Plus not sure this preso gives me information I'd want to use.

DYOR