FXL Flexigroup

[percy]

Half year coming up, will be interesting to see how things are going... no profit upgrade/downgrade so can't be to bad (or to good) I suppose

FY17 Half Year are due to be released to the ASX pre market open on Tuesday 21st February 2017 (likely around 11 or 12 NZ time)


Mr. Symon Brewis‐Weston, Chief Executive Officer and Mr. Ross Aucutt, Chief Financial Officer will
present the results on a teleconference at 10.30am (AEST) on Tuesday 21st February 2017 (1:30pm NZ time, I will try listen in).
A live (passive) URL link will be available at http://edge.media‐server.com/m/p/mx242w85
An archive of the event will be placed on the company’s website shortly after the event.

This will hopefully propel Flexigroup way above the $2.50 resistance

Support at $1.70.
What went wrong.?

[winner69]

Support at $1.70.
What went wrong.?

That's one sad looking chart

[trader_jackson]

That's one sad looking chart

Extremely sad, and extremely crazy... every year produced a record profit, yet you wouldn't think it from the chart.
Trading at forward PE of 7.0 right now, dividend (even with reduced payout ratio for more growth) of over 4.5%.

Strategy day on June 22 - hoping this will stabilize things as right now the market is pricing in a large downgrade from the current worst case scenario (as indicated by flexi early May) of 90m NPAT.

As I have stated on the hot copper form:
"things aren't that bad in Aussie + things pretty good in NZ + FXL narrows its profit range a fraction by 2m = over 220m (about 25%) wiped of the market cap in a fortnight... This is so illogical it has to be trump mathematics?!"