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Thorn Group Ltd (TGA.AX)

TGA.AX on Australia Stock Exchange

0.84AUD
23 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Thorn Group appoints Tim Luce as new managing director and CEO
Tuesday, 29 Aug 2017 07:30pm EDT 

Aug 30 (Reuters) - Thorn Group Ltd :Appoints Tim Luce as new managing director and chief executive officer of Thorn Group.Acting ceo peter Forsberg, will continue in his role until Luce commences his employment, at which time Forsberg will resume his role as CFO.  Full Article

Thorn Group provides group's outlook for the coming year
Thursday, 25 May 2017 04:19am EDT 

May 25 (Reuters) - Thorn Group Ltd :"Outlook for thorn group is likely to be subdued in coming year".  Full Article

Thorn group fy profit after tax increased 26% from $20.1mln to $25.3mln
Thursday, 25 May 2017 04:18am EDT 

May 25 (Reuters) - Thorn Group Ltd :Fy profit after tax increased 26% from $20.1mln to $25.3mln.Fy revenue $298.7 million, up 3 percent.Declared final dividend of 2.5 cents per share.  Full Article

Thorn Group announce departure of CEO James Marshall
Friday, 21 Apr 2017 03:04am EDT 

April 21 (Reuters) - Thorn Group Ltd :Departure of managing director and ceo-tga.ax.Announce departure of managing director and ceo james marshall.Chief financial officer, Peter Forsberg, will be appointed to position of acting CEO.Peter Forsberg, will be appointed to position of acting CEO effective 24 April 2017 until such time that permanent replacement is identified.  Full Article

Thorn Group updates on class action
Wednesday, 29 Mar 2017 07:12pm EDT 

Thorn Group Ltd : Update on class action . Thorn Australia Pty Limited will defend claim in ordinary course of class action process . confirms that a statement of claim has now been served on Thorn Australia Pty Limited, a subsidiary of company . It is anticipated that process could take a significant length of time (perhaps years) to run its course .refers to announcement with respect to a class action in connection with past lending practices of thorn group of companies.  Full Article

Thorn says company has not been served with any statement of claim
Wednesday, 29 Mar 2017 12:01am EDT 

Thorn Group Ltd : Media commentary on potential class action . Has become aware of media commentary today with respect to a potential class action to be commenced against company .To date company has not been served with any statement of claim and accordingly cannot comment further at this stage..  Full Article

Thorn Group sees FY net profit after tax between $24 mln to $26 mln
Monday, 20 Mar 2017 06:00pm EDT 

Thorn Group Ltd : Group expects its net profit after tax for financial year ending 31 March 2017 will be in range of $24 million to $26 million . Company has merged its trade & debtor finance division with equipment finance division . Considers that it may be necessary to reduce final dividend for this year from 6.0 cents per share paid in 2016 . Board considers it prudent to make a further provision with a $4 million profit after tax impact in its financial statements for FY 2017 .Closure of a number of underperforming stores, and a restructuring program has resulted in a reduction of 53 jobs.  Full Article

BRIEF-Thorn Group says ‍expects HY profit after tax to be around $11 million

* ‍Expects its half-year profit after tax to be around $11 million and its full year profit after tax to be in range of $17 to $20 million​