Our income stocks stay strong

Flexigroup, Automotive Holdings Group and Arena REIT AGMs deliver some good news for the Income First model portfolio.

In the last couple of weeks, there have been three further updates from businesses in the income portfolio with Annual General Meetings (AGMs) taking place for Automotive Holdings Group Limited (AHG), Flexigroup Limited (FXL) and Arena REIT (ARF). Overall, all three updates were positive, with a strong trading update at AHG, business as usual at ARF and a new chief executive announced at FXL. While AGM updates may seem run of the mill in some cases, they are important opportunities for management and boards to take stock of recent performance, and provide a timely update to shareholders.

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