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06-02-2018, 02:07 PM
#131
Flexigroup shafted the FPF investors in NZ
Aussie company not needing these NZ investors anymore so all fair enough eh ...just highlights how ****ty most finance companies are anyway
FLX share price holding up well ...a real bargain at the moment
https://www.chrislee.co.nz/market-news
”When investors are euphoric, they are incapable of recognising euphoria itself “
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06-02-2018, 05:20 PM
#132
Originally Posted by winner69
Flexigroup shafted the FPF investors in NZ
Aussie company not needing these NZ investors anymore so all fair enough eh ...just highlights how ****ty most finance companies are anyway
FLX share price holding up well ...a real bargain at the moment
https://www.chrislee.co.nz/market-news
But we wouldn't buy a ****ty finance company's shares, would we?
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08-02-2018, 06:42 PM
#133
Originally Posted by macduffy
But we wouldn't buy a ****ty finance company's shares, would we?
Well....buying this 3 days ago was certainly unfortunate
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08-02-2018, 06:59 PM
#134
Originally Posted by JeremyALD
Well....buying this 3 days ago was certainly unfortunate
Market obviously doesn’t like the $89m writeoffs and/or not convinced of the new digital thing.
Non-cash this time around so all honky dory ...but was cash once eh.
Wonder how bad debts provisioning going?
”When investors are euphoric, they are incapable of recognising euphoria itself “
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08-02-2018, 07:01 PM
#135
Originally Posted by trader_jackson
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.
It’s all your fault share price tanking
JT already told you off .....that’ll be enough of a spanking
Do you think share price will go any lower?
”When investors are euphoric, they are incapable of recognising euphoria itself “
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08-02-2018, 07:44 PM
#136
Originally Posted by winner69
It’s all your fault share price tanking
JT already told you off .....that’ll be enough of a spanking
Do you think share price will go any lower?
I should of known better but the ridiculously low PE pulled me in.
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08-02-2018, 07:55 PM
#137
Originally Posted by winner69
One of those GOLDEN CROSSES on the chart?
That be very good ....and signals a return to the 240 market which has been a pretty solid level in the past
And then double from there and back to new highs
No worries ....it's all up from here
Before you tell me off, I'm gonna tell you off here winner for not telling me off earlier, and, rather, joining me in implying we won't be going back down to stupidly low PE's, rather just stay at ridiculous low PE's Maybe management letting us know the bad news now before some great news come half year results, including a new card and new leasing and how much organic growth this is going to produce
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08-02-2018, 08:27 PM
#138
The writedowns reduce FXL's book value by 24 cents
Share price maybe reacting to that
Companies that use defacto profit figures and do funny things with the numbers in their presentations are often judged (and valued) on one number that usually has some real meaning - its book value
But in FXL's case this has been found to be inflated as at last June with those now 'worthless' assets
Wished they hadn't mentioned those words 'bank convenants' though (in light of Fletchers announcment)
”When investors are euphoric, they are incapable of recognising euphoria itself “
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12-02-2018, 09:19 PM
#139
Was thinking FXL was at last going 2 steps forward and then 1 step backwards but it seems to have turned around since wiping $90m off the balance sheet ...its now 1 step forward and then 2 backwards
What's going on t_j?
Punters getting worried about the bad debts provision not being big enough .....or concerned about all the off balance sheet stuff
”When investors are euphoric, they are incapable of recognising euphoria itself “
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13-02-2018, 11:41 AM
#140
Originally Posted by winner69
Was thinking FXL was at last going 2 steps forward and then 1 step backwards but it seems to have turned around since wiping $90m off the balance sheet ...its now 1 step forward and then 2 backwards
What's going on t_j?
Punters getting worried about the bad debts provision not being big enough .....or concerned about all the off balance sheet stuff
Getting the bad (or worst of the bad news maybe) out of the way before the big Feb 20th maybe?
Things do seem to be going from bad to worse right now
That 'bloodbath' stuff wouldn't have helped
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