Think about an announcement.
Exit UK.
This would remove:
- $2M in interest
- $3M in fixed costs
- losses in providing finance
- add receipts of around $20M as customers pay back their plans (assume 1/6 of current TTV is not repaid). The facility also needs to be repaid to avoid endless cash depletion. So this won't be a direct benefit.
Use the $5M to invest into Australia and the US.
That's my decision to save OPY.
Ann: Quarterly Update and Appendix 4C, page-12
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