Interesting stuff really - finished at its highest point since 22nd August last year... maybe some rumors circulating that half year results, which are apparently exactly 1 month away, are starting to show the much awaited (and mentioned) 'turn around', if so a simple, even if only small, PE re-rating would be enough to push it back into something more reasonable aka something with a $2 in front of it.
or if not the half year results themselves, which I'm not expecting to show much of a turnaround, maybe the outlook with something tangible, like a full year profit upgrade at half year announcement.
The heavyish volumes also make this rally seem promising.
Who knows, maybe this time next year we'll be back in the 3's... here's hoping. One thing is for sure - any decent increase is long overdue (in my view)
Unfortunately can't get to exciting as flexi has a recent history of dashing my hopes and dreams aka failing to deliver anything meaningfully decent, other than commentary that 'the turn around is coming'
Last edited by trader_jackson; 08-01-2018 at 08:31 PM.
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.
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