Looking thru the 2017 Annual Report a couple of great quotes to...

Looking thru the 2017 Annual Report a couple of great quotes to share :

"Improved second half performance from GoGetta as predicted "

"During the year, the Company implemented a variety of business improvement initiatives in GoGetta and the significantly improved economic performance in the second half of the year is an early indicator that the portfolio is of better average quality"

"Management has a comprehensive plan for how we will continue to improve return on capital in the GoGetta business with a focus on shaping the customer portfolio so it reflects both appropriate average credit quality and contract longevity."

"However, there will be a cost burden on the business as it works through the repossession and remarketing of assets, particularly in the light commercial channel, for which underlying customer quality did not meet our standards. This is a finite problem "


Lastly re potential redundancies I note employee expenses more than doubled from $18m (2014) to $38m (2017) .