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$7.49 fiducian group limited

Ann: Fiducian (FID) Investor Presentation H1 2023-24 Results, page-13

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13/02/24

11:54

Post #: 72377868
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Originally posted by Zissou: ↑

I would have thought given the excellent track record, offset to some degree by the cyclical nature of the FUM, would warrant a P/UNPAT of about 15x? On that basis something along the lines of $8.10. If you want to then also consider the cash balance then that is worth another $0.60, which makes me about $0.20 more bullish than @madamswer

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This is basically what I come up with.

ROE is better than most companies, but offsetting that is a key man risk. The company could still operate without Indy, I'm just not sure it would acquire as well as it has.

15x UNPAT + excess cash seems fair value to me.

FID Price at posting: $6.57 Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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(20min delay)
Last $7.49		Change -0.060(0.79%)		Mkt cap ! $234.6M

Open	High	Low	Value	Volume
$7.55	$7.56	$7.42	$99.58K	13.3K

Buyers (Bids)

No.	Vol.	Price($)
2	1064	$7.42

Sellers (Offers)

Price($)	Vol.	No.
$7.55	874	2

View Market Depth

No.	Vol.	Price($)
2	1064	7.420
2	655	7.410
2	3005	7.400
1	250	7.390
1	62	7.370

Price($)	Vol.	No.
7.550	874	2
7.560	2058	2
7.590	250	1
7.730	59	1
7.740	3334	1

Last trade - 14.05pm 27/05/2024 (20 minute delay)


Last $7.43			Change -0.060 ( 1.59 %)
Open	High		Low	Volume
$7.56	$7.56		$7.42	6071
Last updated 14.06pm 27/05/2024 ?

FID (ASX) Chart