GEN.General Capital Ltd.

[percy]

Great thanks Percy!

This comment's a bit paradoxical: "The start to the 2024 year is less buoyant than last year, however we are currently trading ahead of last year."

Can anyone kindly shed some light of this?

Some days I run around like a flee in a fit and get very little done.
Other days I plod along and get a lot done.
Same used to be the same in the book shops .Flat out, but sales value often beaten on a slow day with higher unit sales.

[Rawz]

There is another GEN thread for many more posts. How do both threads get merged? Or this thread cancelled?

[percy]

Sitting on too much capital.
I guess it could be said they are "well positioned".

http://nzx-prod-s7fsd7f98s.s3-websit...598/405908.pdf

[percy]

https://www.nzx.com/announcements/423664

Looks a good appointment.

[winner69]

https://www.nzx.com/announcements/423664

Looks a good appointment.

How many directors now?

Suppose governance is getting more difficult

[blackcap]

How many directors now?

Suppose governance is getting more difficult

Highly regulated industry, governance is difficult in the lending sector.

[percy]

General Finance’s business has continued
to grow with total assets of $146m, up by 9.4% from 30 September 2023 and a
quarterly NPAT of $652k up 21.2% from the previous quarter.
http://nzx-prod-s7fsd7f98s.s3-websit...317/411582.pdf

[SailorRob]

General Finance’s business has continued
to grow with total assets of $146m, up by 9.4% from 30 September 2023 and a
quarterly NPAT of $652k up 21.2% from the previous quarter.
http://nzx-prod-s7fsd7f98s.s3-websit...317/411582.pdf

What is the track record of finance companies that grow assets at this rate?

What percentage haven't blown up?

[percy]

General Finance’s business has continued
to grow with total assets of $146m, up by 9.4% from 30 September 2023 and a
quarterly NPAT of $652k up 21.2% from the previous quarter.
http://nzx-prod-s7fsd7f98s.s3-websit...317/411582.pdf

When GEN announce their full year result at the end of May, I expect they will start paying a dividend.
Certainly have the capital ratio [22.97% ] to do so.

[percy]

https://www.nzx.com/announcements/430013
On track.
The unaudited quarterly report shows that General Finance’s business has continued to grow with total assets of $155m, up by 6.7% from 31 December 2023 and a quarterly NPAT of $884k up 35.6% from the previous quarter.
Equity ratio is currently 22.26%.
I think they will announce a dividend when they report at the end of May.