It's a hold and wait. It tells you they are rock solid and will get through COVID.
And that unlike many other BNPL's, they have the cash in hand made from their annual profits, to put aside a safety net, just in case.
VERY, VERY prudent management given the explosion of COVID in Australia and around the world. Watch the other BNPL's, bet more CR's are on the horizon.
Nice work FXL. Solid investment.
Ann: FXL - Full Year 2020 Trading Update, page-35
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40.5¢ |
Change
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Mkt cap ! $199.0M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 40.5¢ | 40.0¢ | $176.0K | 439.3K |
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| No. | Vol. | Price($) |
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| 6 | 440959 | 40.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 143034 | 4 |
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