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81.0¢ fsa group limited

Thanks for taking the time to reply kearneymauricey,much...

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debdeb

193 Posts.

14/09/17

05:49

Post #: 27202740
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Originally posted by kearneymaurice ↑

If you go to the chairmans letter in the annual report, it states consumer debt levels are at a record high, new enquiries are increasing and demand for our products and services is growing. This is currently occurring in a historically low interest rate environment. As interest rates normalise demand for our products and services will accelerate.

The core part of the business is actually managing debt agreements which will likely increase as interest rates rise.

With the house lending, FSA is only risking 3% of the amount lent. Westpac front up 90% of the loan and another lender 7%. Provide the property market does not dramatically collapse, in a lot of cases bad loans will be recovered when the property is eventually sold.

I hope that helps.

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Thanks for taking the time to reply kearneymauricey,much appreciated.

FSA Price at posting: $1.40 Sentiment: None Disclosure: Held
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(20min delay)
Last 81.0¢		Change 0.000(0.00%)		Mkt cap ! $100.1M

Open	High	Low	Value	Volume
81.0¢	81.0¢	81.0¢	$11.57K	14.28K

Buyers (Bids)

No.	Vol.	Price($)
1	15712	81.0¢

Sellers (Offers)

Price($)	Vol.	No.
83.0¢	9997	1

View Market Depth

No.	Vol.	Price($)
1	2500	1.030
2	9014	1.025
2	11140	1.020
2	14450	1.015
8	62638	1.010

Price($)	Vol.	No.
1.050	5000	1
1.055	9523	1
1.090	5000	1
1.100	5703	2
1.160	5211	1

Last trade - 10.59am 26/11/2024 (20 minute delay)

FSA (ASX) Chart