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mike • 2 months ago

He talks about the trust arrangement costing £70m per month, but this is a company that makes the majority of its profits on the interest received from clients deposits sitting in the trust account - work it out £70m per month on overnight deposit and bonds adds to many millions per year.

Maz • 1 month ago

Read again. He said it costs "cashflow" only, not income. TF has historically "hedged" currencies, and they can use their client account for that either.

Maz • 2 months ago

Difficult to argue any of his points.