Originally Posted by
trader_jackson
Definitely makes sense, this form of funding would be expensive compared to their other funding sources (namely revolving wholesale debt facilities, asset backed securities program). I would think the synergies from acquiring F&P (although small in the context of flexi as a whole) will really start to show through this year.
Coincidentally, the share price is at the highest point since 10th August last year and up 12% for the year so far... the start of this new found (and long awaited) turn around will hopefully be confirmed at half year, and if not in the results itself, in the outlook statements.
The next few weeks will certainly be interesting for FlexiGroup hopefully in a good way.