https://www.flexigroup.com.au/invest...event-calendar
Link and time is now there, must have only been uploaded today... 4:30pm NZ time (I believe)
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https://www.flexigroup.com.au/invest...event-calendar
Link and time is now there, must have only been uploaded today... 4:30pm NZ time (I believe)
Thanks TJ. Had some good feed back today from a friend who bought back in after being stopped out some time back. He has met CEO and was very impressed etc etc. Bought a few today; so everything crossed for tomorrow.
Isn't it a sector issue rather than a Flexigroup problem? Increasing concern about household indebtedness in Australia is playing havoc with all financial services stocks, banks included, and with other consumer/retail companies. Personally, I won't be touching any of them until there's a reversal, economic and market-wise.
Sensible and rational approach.
If we look at 1 May: (just a quick comparison)
ANZ share price $32.95
CBA share price: $87.46
FXL share price: $2.35
As at posting:
ANZ share price: $27.60
CBA share price: $81.82
FXL share price: $1.65
Percentage change:
ANZ - 16.2%
CBA - 6.4%
FXL - 29.8%
and I believe ANZ was one of the harder hit ones... then you see flexi which was nearly twice as badly hit as that... you tell me which one looks a bit over done! (at $1.55, which it hit last week, flexi was trading at nearly a 3rd of the PE ratio most other banks were trading at... yet they say they are a growth company)
I understand your view of course, just surprising to me how hard FXL has been hit, relative to the rest of the sector (and yet, as mentioned, they claim to be a growth orientated company)
Certainly, FXL's shareprice has been badly hit. Perhaps the growth companies get hit the hardest when growth is threatened?
We will see about 2.30 aus time.. Im a little out on a limb here lying on an irrational mkt branch, swaying in the wind.
$90-$93 mill npat reaffirmed for starters
Didn't seem to be anything new in all those presentations - just regurgitation of previous stuff.
None the wiser? Except FY profit shouldn't be a surprise now.
Issue is do all those analysts etc believe the 'growth' story?
Clearly not. in fact they don't seem to believe anything these days because FXL is still trading at 6.8 PE - they aren't meant to be a dividend stock (now that they reduced their dividend payout to 30 - 50%, to support growth), yet the 5 ish % yield would indicate otherwise.
Made all the right noises during the conference thingy as well, apparently.
I am baffled.