Steadfast: Interim result 2015

Steadfast’s interim result had already been well flagged, but it’s insignificant anyway compared to the acquisitions announced.

The interim result from insurance broker Steadfast produced no surprises as it had been well flagged after rival Austbrokers downgraded its earnings by 5% due to lower insurance premiums (see Austbrokers profit downgrade). More importantly, the company has announced a large acquisition and a capital raising.


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