FlexiGroup

Flexigroup is a financial services group providing no interest ever, leasing, vendor finance programs, interest free and Visa / Mastercards, managed print services, lay-by and other payment solutions to consumers and businesses. Co.'s business areas include: no interest ever products and cheque guarantee services; the interest free cards business, which provides personal finance products; the Australia leasing business, which provides leasing products throughkey partners; the New Zealand leasing business, which provides leasing products primarily to small and medium sized businesses and the education sector; and the New Zealand cards business, which provides non-bank consumer credit.
  • TickerFXL
  • ISINAU000000FXL1
  • ExchangeAustralian Securities Exchange
  • SectorFinancial Services
  • CountryAustralia

Analysts

With a more favourable environment, FLEXIGROUP LIMITED improves to Slightly Positive

FLEXIGROUP LIMITED (AU), a company active in the Specialty Finance industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date May 17, 2019, the closing price was AUD 1.85 and its potential was estimated at AUD 1.94.

1 director bought

A director at Flexigroup Limited bought 30,000 shares at 1.901AUD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of ...

Chanaka Gunasekera

Morningstar | FlexiGroup’s FVE Unchanged Following Previously Guided to Poor 1H19 Results

Our fair value estimate for struggling no-moat FlexiGroup remains at AUD 1.50 per share following previously guided to disappointing first-half fiscal 2019 results. New CEO Rebecca James unveiled another strategy to simplify the business and surprised with an AUD 21.5 million placement to Tanarra Capital. A solid performance in its core Cetergy business as well as its New Zealand leasing and new Australian consumer leasing business was not enough to offset the weakness in its Australian and New Zealand cards and commercial leasing businesses. In addition to the guidance to impairment losses, a...

Chanaka Gunasekera

Morningstar | FlexiGroup’s FVE Unchanged Following Previously Guided to Poor 1H19 Results. See Updated Analyst Note from 26 Feb 2019

Our fair value estimate for struggling no-moat FlexiGroup remains at AUD 1.50 per share following previously guided to disappointing first-half fiscal 2019 results. New CEO Rebecca James unveiled another strategy to simplify the business and surprised with an AUD 21.5 million placement to Tanarra Capital. A solid performance in its core Cetergy business as well as its New Zealand leasing and new Australian consumer leasing business was not enough to offset the weakness in its Australian and New Zealand cards and commercial leasing businesses. In addition to the guidance to impairment losses, a...

Chanaka Gunasekera

FlexiGroup’s FVE Unchanged Following Previously Guided to Poor 1H19 Results

Our fair value estimate for struggling no-moat FlexiGroup remains at AUD 1.50 per share following previously guided to disappointing first-half fiscal 2019 results. New CEO Rebecca James unveiled another strategy to simplify the business and surprised with an AUD 21.5 million placement to Tanarra Capital. A solid performance in its core Cetergy business as well as its New Zealand leasing and new Australian consumer leasing business was not enough to offset the weakness in its Australian and New ...

Chanaka Gunasekera

Morningstar | FlexiGroup’s FVE Unchanged Following Previously Guided to Poor 1H19 Results

Our fair value estimate for struggling no-moat FlexiGroup remains at AUD 1.50 per share following previously guided to disappointing first-half fiscal 2019 results. New CEO Rebecca James unveiled another strategy to simplify the business and surprised with an AUD 21.5 million placement to Tanarra Capital. A solid performance in its core Cetergy business as well as its New Zealand leasing and new Australian consumer leasing business was not enough to offset the weakness in its Australian and New Zealand cards and commercial leasing businesses. In addition to the guidance to impairment losses, a...

Chanaka Gunasekera

Morningstar | FlexiGroup’s FVE Unchanged Following Previously Guided to Poor 1H19 Results. See Updated Analyst Note from 26 Feb 2019

Our fair value estimate for struggling no-moat FlexiGroup remains at AUD 1.50 per share following previously guided to disappointing first-half fiscal 2019 results. New CEO Rebecca James unveiled another strategy to simplify the business and surprised with an AUD 21.5 million placement to Tanarra Capital. A solid performance in its core Cetergy business as well as its New Zealand leasing and new Australian consumer leasing business was not enough to offset the weakness in its Australian and New Zealand cards and commercial leasing businesses. In addition to the guidance to impairment losses, a...

Chanaka Gunasekera

FlexiGroup’s FVE Unchanged Following Previously Guided to Poor 1H19 Results

Our fair value estimate for struggling no-moat FlexiGroup remains at AUD 1.50 per share following previously guided to disappointing first-half fiscal 2019 results. New CEO Rebecca James unveiled another strategy to simplify the business and surprised with an AUD 21.5 million placement to Tanarra Capital. A solid performance in its core Cetergy business as well as its New Zealand leasing and new Australian consumer leasing business was not enough to offset the weakness in its Australian and New ...

Chanaka Gunasekera

Morningstar | FlexiGroup’s FVE Reduced Following Material Downgrade to Earnings Guidance

A material downgrade to its fiscal 2019 guidance, combined with continuing macroeconomic and regulatory headwinds drive a reduction in no-moat FlexiGroup Limited’s fair value estimate to AUD 1.50 per share from AUD 2.05. While we had lowered our earnings forecasts for the company in December 2018 in the face of increasing macroeconomic and regulatory headwinds, the company’s new guidance suggests the extent of these headwinds were underestimated. The company’s new guidance is 20% lower than its previous guidance reiterated only a few months ago on Nov. 16, 2018. The company expects fiscal 2019...

Chanaka Gunasekera

Morningstar | FlexiGroup’s FVE Reduced Following Material Downgrade to Earnings Guidance. See Updated Analyst Note from 12 Feb 2019

A material downgrade to its fiscal 2019 guidance, combined with continuing macroeconomic and regulatory headwinds drive a reduction in no-moat FlexiGroup Limited’s fair value estimate to AUD 1.50 per share from AUD 2.05. While we had lowered our earnings forecasts for the company in December 2018 in the face of increasing macroeconomic and regulatory headwinds, the company’s new guidance suggests the extent of these headwinds were underestimated. The company’s new guidance is 20% lower than its previous guidance reiterated only a few months ago on Nov. 16, 2018. The company expects fiscal 2019...

1 director bought

A director at Flexigroup Limited bought 30,000 shares at 1.901AUD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of ...

With a more favourable environment, FLEXIGROUP LIMITED improves to Slightly Positive

FLEXIGROUP LIMITED (AU), a company active in the Specialty Finance industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date May 17, 2019, the closing price was AUD 1.85 and its potential was estimated at AUD 1.94.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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