Australia's largest stock trading and investment forum Australia's #1 stock forum

SEQ

Click for more information

0.00%

39.0¢ sequoia financial group ltd

Sorry, that should say "Strong trading from Q4FY23"

First 21 Last

Share
Profile

Follow
Klogg

3,606 Posts.

483

01/09/23

13:51

Post #: 69688900
Share

Originally posted by Klogg: ↑

Yes. Takeaways:

- FY23 results were not great (obviously)
- Wants to pay the 4cps FF special div in September
- "We're not for sale", but we'll list a value that we think is appropriate for each business...
- Similarly, had no intention of selling Morrisons (yet somehow there were multiple bidders).
- Strong trading from Q3FY23. July/August also strong
- Some of the rev drop due to reclassification of ASIC fees (no longer recognized as rev/expense)
- 20-25% Rev increase on FY23
- Aiming for 15% pre-tax return on listed ROE values in the presentation. Nothing diff to what's in the announcements
- Still wants a 90-100% payout ratio.
- Does not want to spend the money quickly. Will take time to find the right acquisition (market clearly thinks otherwise).
- Wants to buy at 3-4x EBITDA.
- Doesn't really want to buy licensees (I imagine the $2m in compliance issues and subsequent insurance failure left a scar)

Guiding for $12.5m EBITDA - head office costs. Expecting $10m EBITDA in total, not incl any acquisitions.

This is not without its flaws, but very cheap even with the tax burden to come.

Expand

Sorry, that should say "Strong trading from Q4FY23"

SEQ Price at posting: 51.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

NAM

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

VUL

Vulcan appoints investment bank and M&A veteran to board

There are more pages in this discussion • 5 more messages in this thread...

First 21 Last

Add SEQ (ASX) to my watchlist

(20min delay)
Last 39.0¢		Change 0.000(0.00%)		Mkt cap ! $48.48M

Open	High	Low	Value	Volume
39.0¢	41.0¢	39.0¢	$135.8K	342.8K

Buyers (Bids)

No.	Vol.	Price($)
1	3394	38.5¢

Sellers (Offers)

Price($)	Vol.	No.
39.0¢	5384	1

View Market Depth

No.	Vol.	Price($)
1	3394	0.385
4	150000	0.370
2	12739	0.365
2	101667	0.360
2	50050	0.350

Price($)	Vol.	No.
0.390	5384	1
0.400	50000	1
0.410	10316	1
0.430	20000	1
0.440	12048	1

Last trade - 16.10pm 13/09/2024 (20 minute delay)

SEQ (ASX) Chart

SPONSORED BY