Zip is just as shocking they managed to decimate nett asset value per share to 2,88 cents in 12 months and bad debts up 400 percent.
If you look at the accounts and see the rising Bank Fees and Data costs their distributable income is only $341- 56 Million +244 million.
Bad debts were $148 million or 61 percent of income.
Its a completely pointless business and with an annualised $170 million in employment expenses its seems more like a holiday camp.
Ann: Trading Halt, page-67
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