SEQ 3.90% 37.0¢ sequoia financial group ltd

Ann: Investor Update, page-11

  1. 181 Posts.
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    Yes the industry is declining but GC despite that is still saying he is going to get to 500 in 2026. I don't know if that's end CY26 or FY26 because all of GC's forecasts are flexible. If the industry is declining don't say you are going to grow repeatedly. And SEQ is buying the books of those exiting.

    But why can't he just be honest and tell the market, hey we are behind or we have lost advisers, its like a dodgy car salesman.

    He is just never held accountable to these forecasts normailsed EBITDA is rubbish, it's a made up subjective number and its every year we have this normalisation.

    He actually said the media business would get to $10m revenue in a "few years". Is that 2 years? I just think its grossly amateur to keep making these big forecasts and not be held accountable for them and hope the market forgets.
 
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