GEN - General Capital (was MyKRIS)

[blackcap]

King, formerly of Dorchester Pacific fame.

More red flags than the Chinese communist party headquarters.

I think you will find he has nothing to do with Greenfern anymore. (Red flags, I agree with, but the rest of the board is robust at GEN)

[SailorRob]

I think you will find he has nothing to do with Greenfern anymore. (Red flags, I agree with, but the rest of the board is robust at GEN)

Does he have anything to do with 'Accelerate Deals' or Crown Capital? I thought some of his companies were still shilling GFI to pensioners.

If the rest of the board was robust they would not sit with King.

[nztx]

Impairments in coming reporting periods is one area in tightening times to watch across the whole sector

[percy]

) The Group expected that some loans would take longer to collect. Management have increased default penalty interest rates and will
target loans with lower loan to valuation ratios.
Loans in arrears decreased to $6.5m as at 30 September 2023 from $13.5m as at 31 March 2023. These loan arrears include $2.7m of loans
past due greater than 90 days (March 2023: $4.1m). A total of $2.5m of arrears has been cleared after 30 September 2023. There was one
loan write-off of $330k in the 6 months ended 30 September 2023 (March 2023: $Nil), recovery actions are continuing to collect some or all
of the write off.

Equity ratio is 17.94%.

[Rawz]

Profit up nicely but EPS down 33%
NIM under pressure.

Overall looks like it was a tough 6 months for new lending, the report alludes to a very strong September which saved the day.

I thought the SP might have dropped today. Not much traded. Only real buyer is 200,000 shares at 7 cents.

[shareman]

Greenferns a joke, dont go near it

[percy]

Greenferns a joke, dont go near it

Page 62 of General Finance's Annual Report to 31st March 2023 shows their investment in Grenfern is hardly worth reporting.

Investment in Greenfern Industries Limited
729,936 shares (representing a 0.66% stake) (March 2022: 729,936 shares (representing a 0.86% stake)) in Greenfern Industries Limited
(Greenfern).