I'm more interested in ARG's result on 20th which I expect to be rock solid. On the other hand I am expecting that in FY19 for TRA we will see the old problematic MTF legacy loans take a sizeable bite out of earnings. How much they bring to account in the unaudited first half is anyone's guess but I expect reality to bite with the audited full year result. TRA also belatedly acknowledged recently that the first quarter had been tough and we know business and consumer confidence has been very low. I am worried about TRA's pending result. The market is trying to tell us it won't be good. I think many of TRA's business initiatives won't start to bear fruit till the second half and more clearly in FY20.
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