Originally Posted by
trader_jackson
This is probably the first results announcement in a good couple of years when the share price hasn't gone down on the same day - wasn't actually a bad result with unexpected adverse announcement (a trend of the previous several results announcements), hence the market loved it. But we aren't quite back to the days when flexi was a market darling
For the first time in a while when things do genuinely look like they have stabilized, and improving in some cases... although this hasn't quite flowed through to underlying cash NPAT growth (but looks like it will do). Slide 26 was what pleased me the most (although there wasn't much to be pleased by), volume trends all increasing from the 2nd half of 2017 (which admittedly was pretty weak) for 92% of the business. Certegy proving to be not as weak as expected, and while the AU consumer lease product will cause a bit of short term pain, overall it looks and feels like a good move. NZ Leasing has had a couple of strong years, so not terribly surprising to see it flat lining a bit.
I haven't even begun considering oxipay and flexi-fi (ireland), but they could turn out to be quite exciting in the coming year(s)
It finally does seem like things have bottomed out, and we are back on the up again - the share price seems to be saying the same thing.