Insurance Premium Funding (IPF) is BIG business:From "Alban",...

Insurance Premium Funding (IPF) is BIG business:

From "Alban", Sharetrader:
Hunter “Hunter is the largest, most experienced premium funder in Australia and New Zealand with an annual turnover well exceeding one billion dollars.” (Compare with AFC rough forecast revenue for FY 2004 of $200 million):

http://www.hpf.com.au/internet/hpf.nsf/docs/About
_________________________________

Comment: The first 6 months showed a profit of $1.23 mill.
I would rate the full year's profit at about $2.15 mill or 5.66 cents/share (38 mill shares).

At the current price, the prospective P/E= 7.2

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.