TGA thorn group limited
Add to My Watchlist 0.00% ! $1.17

April 23 (Reuters) - Thorn Group Ltd (TGA) : ANNOUNCES...

  1. Hot News
    193,698 Posts.
    lightbulb Created with Sketch. 2825
    clock Created with Sketch.
    23/04/20
    10:35
    Post #: 44206957

    April 23 (Reuters) - Thorn Group Ltd (TGA) :

    • ANNOUNCES PERMANENT CLOSURE OF 62 RADIO RENTALS STORES AND SELECTED WAREHOUSES
    • CLOSURES WILL RESULT IN REDUNDANCIES OF ABOUT 300 CASUAL AND FULL TIME STAFF
    • CLOSURES AND REDUNDANCIES WILL BE UNDERTAKEN OVER NEXT THREE MONTHS
    • WILL EXPAND ONLINE PRESENCE & UNDERTAKE RUN-DOWN OF RADIO RENTALS' LOAN BOOK
    • COVID-19 CAUSING INCREASED ARREARS IN BOTH RADIO RENTALS & THORN BUSINESS FINANCE AND WILL RESULT IN CORRESPONDING WRITE-OFFS
    • THORN WILL UNDERTAKE RUN-DOWN OF RADIO RENTALS' LOAN BOOK, WORTH ABOUT $123 MILLION AS AT 31 MARCH 2020
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

AII Building assets, producing critical minerals and slashing dependency on China
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.