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FID

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0.66%

$7.51 fiducian group limited

Any investor buying a company based on historical dividend yield...

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13/05/20

18:00

Post #: 44602278
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Originally posted by govr: ↑

Enjoyed your post, but all things equal the average historical dividend yield of 4% more or less is the overhang for a re-rating , similar the average P/E is high for a financial company apart from the % ROE which is great.
In my opinion the dividend yield is too low for the average retail investor , it needs to be at least 5% . The company is most probably buying turnover with commissions and fees, which explains the low dividend yield while the high roe and no debt with a 67% dividend ratio. In other words a lot of fingers in the pie.

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Any investor buying a company based on historical dividend yield alone is not where to look for an indication on share price.

As for your comments on just making money from commissions and fees - possibly true, but do you understand the way the business operates, and the implications of buying FUA?

FID Price at posting: $4.78 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $7.51		Change -0.050(0.66%)		Mkt cap ! $236.3M

Open	High	Low	Value	Volume
$7.65	$7.65	$7.51	$6.647K	871

Buyers (Bids)

No.	Vol.	Price($)
1	650	$7.55

Sellers (Offers)

Price($)	Vol.	No.
$7.62	16	5

View Market Depth

No.	Vol.	Price($)
1	650	7.550
1	333	7.520
1	50	7.510
3	2515	7.500
1	10000	7.410

Price($)	Vol.	No.
7.620	16	5
7.640	373	2
7.650	3687	3
7.730	10	1
7.740	3333	1

Last trade - 11.17am 24/05/2024 (20 minute delay)


Last $7.57			Change -0.050 ( 0.13 %)
Open	High		Low	Volume
$7.65	$7.65		$7.57	122
Last updated 11.17am 24/05/2024 ?

FID (ASX) Chart