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Thread: FXL Flexigroup

  1. #221
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    Kinda mea culpa depressing.Looks like we are in the wrong sector(retail) at the wrong time, but it felt right there for a while.Sentiment the current drag? Shoulda coulda woulda taken profits.

    But no downgrade and no forecast either. New broom on board, active customers over 1,000,000 for the first time, retailers up 8% to 46,000. Receivables up 10%.
    New lease product LISA retiring Flexirent with lots of impairment etc.

  2. #222
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    I don't know what to think of the AGM... it wasn't rock solid, nor was it a hopeless case... lucky the share price has already priced in a hopeless case, but will likely over-react further today. What is most annoying is how someone(s) must have found out the AGM wasn't going to be to flash as how else would the share price fall 35% in a few months... it seems transparency is starting to become a very big issue with FXL.

    Truly crazy stuff.

  3. #223
    Speedy Az winner69's Avatar
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    Quote Originally Posted by trader_jackson View Post
    I don't know what to think of the AGM... it wasn't rock solid, nor was it a hopeless case... lucky the share price has already priced in a hopeless case, but will likely over-react further today. What is most annoying is how someone(s) must have found out the AGM wasn't going to be to flash as how else would the share price fall 35% in a few months... it seems transparency is starting to become a very big issue with FXL.

    Truly crazy stuff.
    Your expectations are far too high tj ...will lead to further disappointment I fear

    Liked the baseball cap on Slide 7 ...quite cool

    And what does this mean “In line with new accounting standards, from 1 July 2018 we have increased our provision for doubtful debts as the credit provision policy moves from one based on incurred loss to one based on expected loss.”. Probably won’t put it through the P&L so will be lost in the big picture.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #224
    Speedy Az winner69's Avatar
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    At this rate FXL = HGH on the ASX

    Wow
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #225
    Antiquated & irrational t.rexjr's Avatar
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    Dang that was a bounce. They've reconfirmed guidance and it runs form $1.34 to $1.55. Where to now...

  6. #226
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    Up 20% in a matter of seconds...
    Me oh my! Like seriously, this is truly crazy!
    Last edited by trader_jackson; 16-11-2018 at 01:33 PM.

  7. #227
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    And then a sudden reversal atm back up to $1.605. Brokers come out with a buy?

  8. #228
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    Quote Originally Posted by Joshuatree View Post
    And then a sudden reversal atm back up to $1.605. Brokers come out with a buy?
    Morningstar did... but usually when they say buy it means sell.... amazing how quick the market is to punish, and what a subsequent 100 word announcement can... so much for no news is good news... it would seems good news is ok news and no news is terrible news with FXL
    Last edited by trader_jackson; 16-11-2018 at 01:36 PM.

  9. #229
    Antiquated & irrational t.rexjr's Avatar
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    Quote Originally Posted by trader_jackson View Post
    Up 20% in a matter of seconds...
    Me oh my! Like seriously, this is truly crazy!
    I'm seriously miffed at that timing. Was halfway through a buy order when the halt came on!

  10. #230
    Speedy Az winner69's Avatar
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    Amateurish company eh tj .....and you have faith in them

    Might get the daytraders interested and pumped like hell on hotcopper ....2 bucks plus next week
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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