Thorn Group (ASX:TGA) owns Radio Rentals, which lets Australians ''rent, try and buy'' items like technology and home products
Thorn Group (ASX:TGA) owns Radio Rentals, which lets Australians ''rent, try and buy'' items like technology and home products. Earnings have been flat recently as the company diversified its businesses into areas like equipment finance and personal lending; but that investment is finally starting to pay off and profit is set to grow. The company also has a strong balance sheet and a solid dividend which makes it a good choice for yield investors. We think the emerging operations will gain traction in 2015. Thorn says its continued investment in new business opportunities is expected to help deliver solid NPAT growth to above $30m this financial year. Thorn paid a final dividend of 6.5c per share, fully franked, taking the total payout to 11c. Read the full report: (VIEW LINK)
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