GFL - Good news for Geneva Finance

[Rawz]

A mysterious revelation from GFL .. most finance companies *would* absolutely more than recover increases in cost
of funds from their captive targets at earliest .. Perhaps impairments are instead an issue ?

thats what i was thinking too

[Fortunecookie]

They currently don't have an a managing director and moved to a new premise. The main shareholding is in the of estate of Hutchinson (forgot his first name). Unfortunately he passed away, he was subject to a court case linked to the insurance company that went belly up. The case is still against his estate. I believe the other directors have been acquitted but don't fully know the ins and outs.

[Fortunecookie]

thats what i was thinking too

Not necessarily funding cost is typically floating and the loan rate offered is fixed for the duration of the loan period. So if rates continued to go up you get margin compression. This is generally speaking.

[whatsup]

Not necessarily funding cost is typically floating and the loan rate offered is fixed for the duration of the loan period. So if rates continued to go up you get margin compression. This is generally speaking.

Yeh, Classic mistake, borrowing long , lending short !!

[Fortunecookie]

Yeh, Classic mistake, borrowing long , lending short !!

True. Or borrowing short, lending long.
They got the insurance bus as well, I am wondering if something has happened to that?.