With volatility returning to currency markets does recent listing OzForex (OFX) fall now onto investor radars

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Livewire Markets

With volatility returning to currency markets does recent listing OzForex (OFX) fall now onto investor radars? Chris Stott from Wilson Asset Management says the stock is a hold however the recent volatility in currency markets could result in a turnaround in new account openings. The biggest negative since the IPO the new account opening, so not enough volatility particularly in the Aussie dollar has certainly produced that result. So given we've seen the selloff in the Aussie dollar in recent weeks, and we think that can continue over the next couple months, that certainly bodes well for OzForex but at the moment on the valuations we look at it is just a little bit expensive. To view the full episode of our Buy Hold Sell video series watch the video on the following link:


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