Chasing earnings growth has hurt Thorn; we believe a focus on the core leasing business is sensible
No-moat-rated Thorn Group has completed the latest stage of its restructuring with the AUD 22.6 million sale of its receivables management business known as National Credit Management, or NCML. CEO James Marshall sought to restructure the debt recovery business shortly after his appointment in 2014, and while there have been operational improvements, profit growth has not been sufficient to retain the business. Thorn wrote off AUD 6.7 million in NCML goodwill and exited the Thorn Financial Servi...Thorn Group is a financial service provider. Co. has four reportable segments: Consumer Leasing, which leases household products; Business Finance, which provides financial products to small and medium enterprises including equipment leasing, trade finance and invoice discounting; Receivables Management, which provides receivables management, debt recovery, credit information services, debt purchasing and other financial services; and Consumer Finance, which provides personal loans.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.