You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
Business Description: FlexiGroup Limited (FXL) is a provider of vendor and retail point-of-sale finance and telecommunication services in Australia, New Zealand and Ireland. FXL provides credit facilities and other financing methods to customers acquiring goods or services at the time of their initial purchase of these goods and services. FXL operates four main businesses, namely, Leasing Retail, Leasing Vendor & Commercial, Telecommunications, and Interest Free Loan.
Strategy Analysis: The broad strategy is to diversify the product offering to both foster growth and reduce reliance on individual products and partnerships. This represents a focus to segment the market across their product range. We are wary this strategy may just be an excuse to grow the business by any means necessary. Diversification of the Group´s product range continued with growth in the interest-free and mobile broadband businesses, along with the new Vendor Finance business.
FlexiGroup reported NPAT down 12.1% to $51.76m for the year ended 30 June 2011. This decrease is the result of the recognition of a one-off tax credit in the 2010 year. Revenues from ordinary activities were $222.98m, up 9.2% from last year. Diluted EPS was 18.8 cents compared to 23.8 cents last year. Net operating cash flow was $87.22m compared to $53.38m last year. The final dividend declared was 5.5 cents, taking the full year dividend to 10.5 cents compared with 7.5 cents last year.
The Age 7/02/2012 | ISRAEL'S Foreign Minister was headed for Washington overnight amid signs that the US and its Middle East ally hold diverging views on how best to resolve the standoff over Iran's disputed nuclear program.
Sydney Morning Herald 7/02/2012 | There will be fewer love hearts and boxes of chocolates this Valentine's Day for the short-lived chief executive of Perpetual Limited, Chris Ryan.
Sydney Morning Herald 7/02/2012 | HOTEL owners and operators are preparing for a busy year of openings and renovations as demand increases from domestic travellers.
The Age 6/02/2012 | AUSTRALIA has a reputation for embracing technological developments quickly. We had a record take-up of VHS, DVD and widescreen television, and it is widely claimed that the Land of Oz has more home theatres per head of population than anywhere else in the world.
Sun Herald 5/02/2012 | INVESTORS cheered during the week, perhaps convinced that the latest rearrangement of deckchairs on the good ship euro will do the trick and right the heavily listing vessel.
Already a member? 
$ 2.170
