The group ’s subsidiary, National Credit Management Limited, lost its contract with the Australian Taxation Office earlier this week, but management says the impact on group earnings will be “immaterial". Shares are trading at levels close to a 12-month low, but all brokers surveyed by Bloomberg unanimously have a “buy" on the stock. While Credit Suisse expects fiscal 2012 to be a “sub-trend" growth year for the company due to price deflation in the retail PC market affecting rental volumes and margins, the broker says Thorn Group is a well-managed business with a strong core brand, definable earnings drivers and a strong balance sheet.