If it has not been thrown out then BEN must provide for a potential defeat in court and its consequences. Are they going to do it? No as long as Hirst is in charge.
Easy solutions: SACK Hirst and get a REAL banker in. Take all the provisions (which means kill the next quarterly result and take a hit on the share price) and start with a clean balance sheet. Play on the strength of BEN and grow it where it has core competencies. Give it 6 months and the share price will be higher than what it is today with heaps of potential. Should BEN win the court cases and all the class actions they can always reverse the provision and show an extraordinary profit.
Is BEN going to play it this way: UNLIKELY
Result: Share price will continue to languish around $10
If it has not been thrown out then BEN must provide for a...
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