If the price is so cheap, where are the director buys? Need to...

First 6 Last

Share
Profile

Follow
master of sin

1,147 Posts.

6

18/04/18

17:21

Post #: 32534692
Share

Originally posted by tessastanle ↑

Looking at the announcement that BOQ put out yesterday and also the FIG announcement more closely I'd add a couple more points:

8. St Andrews contributed about $8m after tax profits last year, and not knowing any depreciation/amortisation but with 30% tax rate this is around $11.5m pre tax. Adding this to FIG's $16m forecast in FY18 and assuming flat growth going into FY19 EBITDA would be at least $27.5m. Given that this is funded by cash + debt and so no CR dilution, we're now down to ~4x P/E. Surely the likes of SDF and CVW would be taking notice when their P/E are around 18x, if they weren't previously.

9. Much has been discussed on this forum that FIG is very little moat given the general perception of it being predominantly a call centre based salesforce for direct insurance. One would argue that the moat is starting to form in terms of the diversification of the distribution channel (corporate partners, call centres, mortgage brokers, wealth advisers) and through customer relationships. Increased market share generally transpire to greater pricing power.

BTW I think from watching recent trade movements, the accumulator could still be working hard to cap the gains to 10% from yesterday to buy more time and stock up. Let's see if there are any substantials coming out in the near future.

Expand

If the price is so cheap, where are the director buys? Need to see those guys step up.

FIG Price at posting: 45.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

WC8

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

MIN

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

OCN

Southern Cross Gold zooms in on 9 new high-grade zones above 20g/t at Golden Dyke

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

MTM

Australian Rare Earths bullish on early-stage uranium potential at Overland, SA

ACW

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

Chaos reigns markets – so let's take stock of where we're at ahead of December

SHN

Chimeric clocks $4.17M R&D tax rebate from Canberra

PME

Pro Medicus signs landmark $330M deal to roll out imaging platform in US hospitals

Watchdog takes Webjet to court over alleged 'false' flight prices with hidden fees

There are more pages in this discussion • 26 more messages in this thread...

First 6 Last

Add FIG (ASX) to my watchlist

If the price is so cheap, where are the director buys? Need to...

Top Stories

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

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

Southern Cross Gold zooms in on 9 new high-grade zones above 20g/t at Golden Dyke

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

Australian Rare Earths bullish on early-stage uranium potential at Overland, SA

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

Chaos reigns markets – so let's take stock of where we're at ahead of December

Chimeric clocks $4.17M R&D tax rebate from Canberra

Pro Medicus signs landmark $330M deal to roll out imaging platform in US hospitals

Watchdog takes Webjet to court over alleged 'false' flight prices with hidden fees