Geneva Finance - GFL

Whats up with Geneva Finance - GFL Today?- Could not see any announcements earlier - but 0 shares traded today from what I can see.......

GFL is pretty thinly traded at the best of times. I note the controlling shareholder increased their shareholding recently which will (I expect) reduce market liquidity even further:

https://www.nzx.com/announcements/355822

Reading between the lines in their 29 June announcement, I guess no mention of dividend must have been read to mean No Final Div, usually paid around early - mid July

But then out pops today's release at 4.55pm:

https://www.nzx.com/announcements/356104

"The board have resolved to declare a final dividend of 1.50 cents per share. The dividend will be payable on 29th July 2020. The ex dividend date will be 23rd July 2020 and record will be 24th July 2020."

Been a long time since anyone has posted on this thread.
Like all finance companies high interest rates have affected their NIM and profit.
This caught my eye.It was from their 27th September presentation.GFL own Quest Insurance.
Financial Overview (Quest Insurance)
Review of March 2023
• Gross written premium up 30% to $39.3m
• Pre-tax Profit down 6%
• Cash on hand increased up 27% to $31.7m
• 5-year revenue average growth rate 51% per annum
• Strong solvency position at year end

Yesterday they announced their interim result.Not flash but was what I expected.

https://www.nzx.com/announcements/422642
Quest Insurance Group Limited (Quest) reported a pretax profit of $3.2m, up 27.1% on the prior period. The good result was driven by continuing the prior year’s premium growth momentum. Premiums were up $3.5m (+18.5%) for the period. The higher interest rates benefited investment income of $0.9m, up $0.7m on last year. Quest operating costs including direct costs were up $1.3m mainly due to investment in staff and IT.

Disc.I have a modest holding.