Trading at a ridiculous 4 x p/e and growing rapidly.
this is a top 15 Australian stockbroking Firm !
Being a stockbroking firm appears to be a good thing in times of market turmoils.
the level of business in August exceeded all expectations - it proved a record month with all the volatility - just means more brokerage fees.
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so what if we now have more turmoil .. this stock is set for a record HY .. probably will trading at a forecast 3x p/e.
All the growth is organic .. and will expand further by set up offices in Melbourne etc,, currently only presence is Sydney.
FDY
findlay securities limited
does better with market turmoil
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