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Thread: FXL Flexigroup

  1. #231
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    I hope we dont get spanked by the regulatory fellahs
    RESPONSE TO ASIC REPORT ON THE BUY NOW PAY LATER SECTOR 2 pages 220.1KB


    If you really want to do a forensic
    https://download.asic.gov.au/media/4...28-11-2018.pdf
    Last edited by Joshuatree; 29-11-2018 at 09:54 AM.

  2. #232
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    Flexigroup have actually tried to stay ahead of the regulators and/or work with them proactively... afterpay on the other hand is nearly the opposite: I think I read somewhere that theyreckon giving $500 limit to anyone and everyone after putting in just a few basic details (like registering for a gmail account) is perfectly
    prudet, no credit considerations, regulations etc required... no wonder those 16 year olds could purchase alcohol online delivered direct to their doorstep so easily!
    Somehow FXL's share price will be hit harder than APT's, despite of course the fact a very small portion of cash monies comes from oxipay at this moment...
    Last edited by trader_jackson; 29-11-2018 at 10:55 AM.

  3. #233
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    something going wrong today - FXL and APT up bigly (7%) one of the largest 1 day rises I can recall since the good old days of $2.30 (post annual results announcement)... then I realise that good day was barely 3 months ago... wow those good ol' days not so old really, how things change.

    Only needs to go up another 50% and we'll be back at near fair value for this underperforming dog (until they deliver the 100m cash NPAT in 9 months time, then even mid $2's will probably look cheap)

  4. #234
    Speedy Az winner69's Avatar
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    Hey tj, I see HGH and FXL are the same price on the ASX

    Real dog this FXL eh ....but probably about the right price on fundamentals.

    I’m still watching whether it will get into another trading range so I can do another few quick trades

    When you going to give up on them tj?
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #235
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    Quote Originally Posted by winner69 View Post
    Hey tj, I see HGH and FXL are the same price on the ASX

    Real dog this FXL eh ....but probably about the right price on fundamentals.

    I’m still watching whether it will get into another trading range so I can do another few quick trades

    When you going to give up on them tj?
    The market began to give up on them 5 years ago, I won't be giving up unless I see cash EPS growth (of at least 8% - better than HGH some say) missed by miles.

    And today HGH should be a chunk below FXL (FXL $1.41 ASX, HGH $1.38 NZX)
    Last edited by trader_jackson; 19-12-2018 at 02:47 PM.

  6. #236
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    ASZ 2019 competition closing in few hours
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
    Anyone but o'brien

  7. #237
    Speedy Az winner69's Avatar
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    Jeez ...at this rate FXL will be only a buck by the end of the month.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #238
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    Quote Originally Posted by trader_jackson View Post
    Back under $2 again... back to being cheapo again.

    Probably go to $2.30, go to $1.70, go to $2.50, go to $1, go to $5... These days, I don't know in what order or if these prices will occur... What I think is more sure is that FY19 cash NPAT is looking likely to be a record

    Reality (at $1.98) is certainly not reflecting records being broken, nor a company with double digit growth for FY19 (and an increased dividend of a similar, possibly more, percentage on the horizon)
    Doing the pattern I mentioned 4 months ago, just not in the same order.
    One thing is for sure, this is crazy stuff.

  9. #239
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    Has the bungee hit the bottom and allowed holder to grab a trout out of the deep dark green lugubrious river in a chasm, and at that latent point of about to start rising?(the trout was). The metrics here on ASB show a PE of minus 48 (insane laughter) hAHAHAHAhahahahahahhahahahahh, "we're coming to take you away haha, to the funny farm with all those people in their nice white uniforms"........

  10. #240
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Joshuatree View Post
    Has the bungee hit the bottom and allowed holder to grab a trout out of the deep dark green lugubrious river in a chasm, and at that latent point of about to start rising?(the trout was). The metrics here on ASB show a PE of minus 48 (insane laughter) hAHAHAHAhahahahahahhahahahahh, "we're coming to take you away haha, to the funny farm with all those people in their nice white uniforms"........
    Did lose $10m last year ....equals negative PE

    At least the bungee cord appears not to have broken....that’s good
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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