FIG 0.00% 2.0¢ freedom insurance group ltd

Ann: Strong full year 2017 results exceeding prospectus forecasts, page-22

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  1. 273 Posts.
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    hope you don't mind me asking @madamswer, have you had the chance to take a look a this one?  You're one of the best on this site imo and would love to hear your thoughts.

    Management beat guidance again although the stock has been sold off due to the release of stock from escrow (whom are sitting on large profits from IPO).

    Recent Report showed continued explosive growth with:
    • Customer numbers grew 66% to 289,000 in the 12 months to 30 June 2017.
    • Net revenue increased 81% on the prior year to $53.5 million.
    • Pro-forma earnings before interest, tax, depreciation, and amortisation (EBITDA) increased 195% to $22.3 million.
    Currently trading on ~14x Full Year earnings.
    Impressive metrics over the past year also:

    fig.PNG

    The risks to FIG (imo) are the limited barriers to entry however this doesn't seem be an issue thus far as they continue to gain market share quite rapidly.

    Thanks
 
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Currently unlisted public company.

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