Peter Quinton sees value in FlexiGroup (FXL), a financial services company providing retail point of sale consumer financing, commercial leasing, and...
Peter Quinton sees value in FlexiGroup (FXL), a financial services company providing retail point of sale consumer financing, commercial leasing, and interest-free credit cards. FXL sources revenue from consumer & SME leasing (41%), No Interest Ever (35%), Interest Free Cards (13%) and Enterprise Leasing (11%). The company is constantly gaining exposure to new industries and end markets like jewellery, home furnishing, home renovation etc., and its 11 lines of business enables the group to cross-sell across various end markets. To sum it up, FXL is a high-quality mid-cap company with good management, proven track record, and robust growth prospects. It offers a fully franked dividend yield of around 5%, which is 1.8x covered, in FY15.
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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Stockbroker
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Expertise
Stockbroker
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Expertise
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