GEN.General Capital Ltd.

[percy]

177,874,887 shares on issue,giving a market cap of $8,893,744 at 5 cents.
eps 0.29 with a PE of 17.24
MD is Brent King.
This mornings up grade was positive.
https://www.nzx.com/announcements/386510.

[percy]

Interesting noting some GEN shares traded at 7 cents today.
Up 40% since my last post nearly a year ago.
Perhaps they will be up another 40% in a year's time.?

[blackcap]

Interesting noting some GEN shares traded at 7 cents today.
Up 40% since my last post nearly a year ago.
Perhaps they will be up another 40% in a year's time.?

It would not surprise me. I purchased a few at 5.4 a few months ago after talking with Brent and doing my own analysis. Time will tell.

[percy]

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/GEN/416323/400331.pdf

[winner69]

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/GEN/416323/400331.pdf

Lots of numbers but not much comment

Suppose it’s good

[percy]

Lots of numbers but not much comment

Suppose it’s good

Their capital ratio is 24.66%.
Very sound.In fact too sound.
Means they have not increased their loans enough.
Therefore plenty of capital to substantially increase their lending.
I guess a good place to be in this market.

[percy]

GEN agm today.
Presentation,and Brent King's speech notes..
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/GEN/417009/401281.pdf
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/GEN/417009/401283.pdf

[clip]

The current climate suggests an inflexion point in external factors has beenreached and, along with our recently strengthened team, the group feels readyto bring us to “the next stage” to which we aspire, namely $250m of total assets.Reaching this goal should be a measured march, prudence always paramountand undue risk-taking not an option.In moving forward, we remember those who supported us strongly in the past.We record our thanks to former directors Lyn Lim and Simon McArley for theirservice and who served the group since the reverse listing, contributingsignificantly during our early growth period.Finally, in 2024, after three years of profitability and subject to shareholderapproval, the group should contemplate a dividend payment to properly rewardour shareholders for their support and loyalty.

[Sideshow Bob]

https://www.sharetrader.co.nz/showthread.php?8661-GEN-General-Capital-(was-MyKRIS)/page20

[DarkHorse]

GEN agm today.
Presentation,and Brent King's speech notes..
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/GEN/417009/401281.pdf
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/GEN/417009/401283.pdf

Great thanks Percy!

This comment's a bit paradoxical: "The start to the 2024 year is less buoyant than last year, however we are currently trading ahead of last year."

Can anyone kindly shed some light of this?

[percy]

Great thanks Percy!

This comment's a bit paradoxical: "The start to the 2024 year is less buoyant than last year, however we are currently trading ahead of last year."

Can anyone kindly shed some light of this?

Some days I run around like a flee in a fit and get very little done.
Other days I plod along and get a lot done.
Same used to be the same in the book shops .Flat out, but sales value often beaten on a slow day with higher unit sales.

[Rawz]

There is another GEN thread for many more posts. How do both threads get merged? Or this thread cancelled?

[percy]

Sitting on too much capital.
I guess it could be said they are "well positioned".

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/GEN/420598/405908.pdf

[percy]

https://www.nzx.com/announcements/423664

Looks a good appointment.

[winner69]

https://www.nzx.com/announcements/423664

Looks a good appointment.

How many directors now?

Suppose governance is getting more difficult

[blackcap]

How many directors now?

Suppose governance is getting more difficult

Highly regulated industry, governance is difficult in the lending sector.

[percy]

General Finance’s business has continued
to grow with total assets of $146m, up by 9.4% from 30 September 2023 and a
quarterly NPAT of $652k up 21.2% from the previous quarter.
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/GEN/425317/411582.pdf

[SailorRob]

General Finance’s business has continued
to grow with total assets of $146m, up by 9.4% from 30 September 2023 and a
quarterly NPAT of $652k up 21.2% from the previous quarter.
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/GEN/425317/411582.pdf

What is the track record of finance companies that grow assets at this rate?

What percentage haven't blown up?

[percy]

General Finance’s business has continued
to grow with total assets of $146m, up by 9.4% from 30 September 2023 and a
quarterly NPAT of $652k up 21.2% from the previous quarter.
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/GEN/425317/411582.pdf

When GEN announce their full year result at the end of May, I expect they will start paying a dividend.
Certainly have the capital ratio [22.97% ] to do so.

[percy]

https://www.nzx.com/announcements/430013
On track.
The unaudited quarterly report shows that General Finance’s business has continued to grow with total assets of $155m, up by 6.7% from 31 December 2023 and a quarterly NPAT of $884k up 35.6% from the previous quarter.
Equity ratio is currently 22.26%.
I think they will announce a dividend when they report at the end of May.

[Rawz]

https://www.nzx.com/announcements/430013
On track.
The unaudited quarterly report shows that General Finance’s business has continued to grow with total assets of $155m, up by 6.7% from 31 December 2023 and a quarterly NPAT of $884k up 35.6% from the previous quarter.
Equity ratio is currently 22.26%.
I think they will announce a dividend when they report at the end of May.

Looks like all tracking well, Percy