Cracker of a result for 2013...the acquisition of lachlan partners has given SFG a multi disciplined accounting and advice offering. Free cash flow margins increased from 24% to 26% with only around 4 months worth of numbers from lachlan partners. I Expect cash earnings to increase substantially over coming months with substantial synergies going forward.
Pity the stock isnt traded as much though... this is a potential high growth financial services business still in the early phases of growth paying fat dividend yields.
The WHK merger was a fizzer... the legal claims WHK are currently involved makes the proposal unattractive i reckon.
I reckon this is the next IOOF or Colonial... unless someone swoops first
Anyone out there who also owns the stock?
SFW Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held
