Australia's largest stock trading and investment forum Australia's #1 stock forum

FIG

Click for more information

0.00%

2.0¢ freedom insurance group ltd

how low can this go?, page-22

First 22 Last

Share
Profile

Follow
Just_a_guy

3,322 Posts.

103

07/09/18

08:57

Post #: 35459085
Share

Originally posted by Jimmy_C ↑

I too thought of the RHG analog. The risk-return is nowhere near as favorable for FIG (in a run-off scenario) as it was with RHG, though - RHG at one stage was trading at something like 20% of a very bearish liquidation scenario analysis, with significant upside beyond that liquidation assumption (assuming some of their securitized loan pools didn't go bad, which turned out to be correct). FIG is trading now at >50% of liquidation value, assuming their trail commission is roughly fairly valued, with little upside to that trail commission value.

RHG turned out to be a >10 bagger for those who got it near the lows, whereas those returns aren't on offer for FIG (yet...).

Expand

Would that liquidation value be passed on to retrenchments before shareholders if fig does close down?

FIG Price at posting: 16.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

RGS

Riversgold notes strong intercepts at Northern Zone in AC campaign

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 455 more messages in this thread...

First 22 Last

Add FIG (ASX) to my watchlist