This one of the better acquistions as it now give the broker network a decent plant and equipment financing options. This was missing from FFF deck of cards before now.
Plant and equipment financing can be more difficult than writting a home loan (this is why the banks avoid it) but typically has a better margin. Some of the FFF brokers will not be interested while others will see it as another product available to their customers. It makes the broker a "one stop shop" as opposed to sending your customer down the road to find his own finance on his equipment.
Share price has not moved this morning following the annoncement, but their was only one small trade in the mornings session. Not many sellers so expecting to see the price bounce back quickly to 0.079 from 0.075 currently before moving beyond 10 cents over the comming weeks. I purchased some more @ .078 so looking to double up if possible.
Well done FFF!
- Forums
- ASX - By Stock
- FFF
- leasechoice acquisition
leasechoice acquisition
Featured News
Add FFF (ASX) to my watchlist