This was extract from FKP Annual Results released today. Appears retirement sector has significantly improved. This confirms statements made by LLP CEO, who also said the sector was improving.
This is from Page 23 of FKP Presentation.
Retirement Division Outlook • Sales activity was strong in the final quarter of FY09 and has continued on at the start of the new year • Budgeting for significant lift in cash DMF / capital gain in FY10 – currently on track to meet first quarter budget • The chart on the top right shows deposits at the end of the period. Deposits held in July 2009 are approximately 80% higher than 12 months ago • The chart on the bottom right shows the improving trend in total DMF and capital gain received by FKP
LLP Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
