Ann: Half Yearly Report and Accounts including Appendix 4D, page-6

Sheesh Kitty,

a bit harsh. The CCV findings were of predatory lending practices, I don't think that anybody has suggested this with TGA. Their misdemeanor has been in failure of process, not a willful ignoring of the law. Whilst ASIC have to hand down a penalty for the breach, I would not imagine that it would be a sum of the significance you are thinking, and I would suggest that is the reason why no amount has been set aside for it.

I would agree with PP that the current H1 sits us about where we should be at the moment .... if an EBIT of 20c F/Y is a target on these figures, it's still a PER below 10, which is a reflection of where the company is with the mop-up going on, the redirection of resources and the current general environment. Still producing a div of over 6% plus full franking - there is not much of that around.

Business Finance looked good, RR rolls along and hopefully picks up with the love now being lavished upon it.

My only concern is the corporate costs going up - I an seeing a lot of this across my portfolio, and am starting to get a little sick of the 'improved leadership' crap being run out - as I have seen little evidence of this in the corporate sector for a long time (unless permanently having one's hand it is considered leadership). TGA has been one of those .... hopefully they have their eyes firmly on the road now.