* News Article

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    Its a few weeks old now, but the following provides a possible reason for the flurry of share activity in ENA recently - in a * News Article, by Sam Jacobs, dated 31 August 2020 ("Bursting The Breakeven Barrier..."), covering 4 smallcap companies, 1 of which was ENA which mentioned:

    "Profit priority
    Of the companies we spoke to, only online insurance platform Ensurance (ASX:ENA), which does most of its business in the UK, flagged profits as a priority.

    Chairman Tony Leibowitz told * that in the company’s capacity as a managing general agent (an insurance broker that can also underwrite coverage), Ensurance was focused on delivering two key profit streams.
    “One is to our shareholders, which is often measured as a market comparison of core earnings (EBITDA), and the other is to our insurers (capacity providers) by way of underwriting profitability,” he said.
    To achieve that, Leibowitz said the company had placed an increased focus on costs over the last two years, disposing of non-performing assets and “restructuring the cost-base significantly”.
    From annual losses of more than $8m in 2018, he said the company was now very much “in play”.
    “Those losses have ceased completely now and we’ve established a significant annual recurring base. So we see ourselves on the cusp of some very exciting results and news flow,” he said."

    I guess that last statement from the Chairman as being the key "on the cusp of some very exciting results and news flow".


 
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