FlexiGroup Limited
Following the announcement that the managing director and CEO Tarek Robbiati would step down from the top job, the shares of FlexiGroup have fallen by more than 12%. Although Mr Robbiati had only joined FlexiGroup in 2013, he has overseen significant growth in the company during that time. Investors should naturally be more cautious when key personnel are replaced for any reason, but I believe the market may have over-reacted to this news.
Pleasingly for investors the underlying fundamentals of the business remain solid and the company confirmed it was on track to meet its FY15 profit guidance.
With the share price below $3, FlexiGroup is trading on a price-to-earnings ratio of less than 10 and a fully franked dividend yield of more than 5.5%. Investors should seriously consider buying at these levels.
Motley Fool
Ann: MD and CEO to Step Down Later This Year, page-25
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74.5¢ |
Change
0.015(2.05%) |
Mkt cap ! $366.0M | |||
| Open | High | Low | Value | Volume |
| 72.5¢ | 74.5¢ | 72.0¢ | $553.5K | 752.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40812 | 73.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.5¢ | 167470 | 1 |
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