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SEQ

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34.0¢ sequoia financial group ltd

Great quarter and looks like we are set for continued growth....

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risk41

758 Posts.

33

30/01/17

23:28

Post #: 22232315
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Originally posted by bernsta ↑

Interesting company. Held it many moons ago pre consolidation days.

I probably shouldn't post this as I don't have any shares yet!

AMP values its businesses at 4 times revenue and these valuations are built in to bolr arrangements (buyer of last resort) deals with the owners.

If the advisor retires they get paid out this amount if a buyer is not found. There are obviously adjustments based on commission income and grandfathered commissions but I don't need to bore you with that stuff.

Given they have just turned over a staggering $9.6 mil ...when you annualised that at around $40 mill per annum ... and even being conservative in this space at a multiple of revenue of 1-2 surely this company is worth a market cap of at least $40 mill based on peers and financial services income valuation models.

Anyway congrats to holders.

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Great quarter and looks like we are set for continued growth.
After cash, bonds, bank guarantees, investments and debt our Ev at 27.5c is approx 10.5 m.
40c would not be expensive for this stock.

SEQ Price at posting: 27.5¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 34.0¢		Change 0.000(0.00%)		Mkt cap ! $48.48M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	50000	33.0¢

Sellers (Offers)

Price($)	Vol.	No.
34.5¢	29697	1

View Market Depth

No.	Vol.	Price($)
1	29291	0.240
1	96902	0.235
1	25000	0.225
1	14191	0.210
1	5000	0.200

Price($)	Vol.	No.
0.255	7487	1
0.270	30000	1
0.275	70000	1
0.295	16666	1
0.300	450000	2

Last trade - 16.16pm 29/11/2024 (20 minute delay)

SEQ (ASX) Chart

Great quarter and looks like we are set for continued growth....

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