fxl, page-2

Beats me. This is the current recommendation on FNARENA.

Donos.


FXL - FLEXIGROUP LIMITED
DIVERSIFIED FINANCIALS Year End: June
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	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8	Column 9	Column 10	Column 11
0	Market Data Column 1 0 Last Price	Change +/-	Change %	Volume $3.01 18 Jun 2014	-0.0900	- 2.90%	280,630Open	High	Low$3.07	$3.09	$2.98

	Column 1	Column 2	Column 3
0	Consensus Target Price	$4.54 50.8% upsideSentiment Indicator1 = Highest Rating-1 = Lowest Rating	1.0

| Market Consensus ForecastsForecasts

		FY12Actual	FY13Actual	FY14Forecast	FY15ForecastEPS (cps)	21.5	22.9	28.0	31.2DPS (cps):	12.5	14.5	16.7	17.9EPS Growth	N/A	6.5%	22.1%	11.5%DPS Growth	N/A	16.0%	15.4%	7.2%PE Ratio	N/A	N/A	10.8	9.7Dividend Yield	N/A	N/A	5.6%	6.0%Div Pay Ratio(%)	58.1%	63.3%	59.8%	57.5%

Dividend yield today if purchased 3 years ago: 6.74%

Dividend Calculator​

(On the basis of the last actual payout)[/table]

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	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
0	Broker	Date	Rating	Recommendation	Target Price	% to Reach Target
1	Macquarie	06/06/2014	1	Outperform	$3.81	26.6%
2	Macquarie has reassessed the earnings outlook for Flexigroup. Consumer and business credit growth is well below historical averages and likely to remain subdued. Macquarie believes the stock has de-rated beyond what is necessary to reflect lower growth in FY15 and credit growth headwinds. The broker retains an Outperform rating taking a 12-month view but recognises there is a potential near-term risk if FY15 guidance provided at the upcoming result is below consensus estimates. The price target is reduced to $3.81 from $4.51. Target price is $3.81 Current Price is $3.10 Difference: $0.71 If FXL meets the Macquarie target it will return approximately 23% (excluding dividends, fees and charges).
3	UBS	16/05/2014	1	Buy	$4.45	47.8%
4	The company's update highlighted the increasing importance of IT and digital platforms in UBS' view. The broker believes the market is discounting the cyclical tailwinds that are likely to support the underlying business and additional growth avenues in cards and enterprise/SME leasing as well as further opportunities in solar. The Buy rating and $4.45 target are retained. Target price is $4.45 Current Price is $3.10 Difference: $1.35 If FXL meets the UBS target it will return approximately 44% (excluding dividends, fees and charges).
5	Credit Suisse	07/02/2014	1	Outperform	$5.00	66.1%
6	The first half results were encouraging, in that the broker thinks investors are focused on what the company can deliver beyond FY14. The company is benefiting from lower interest rates but the lead indicators are strong, in Credit Suisse's view. The broker thinks the stock is attractive with an undemanding valuation. The Outperform rating and $5.00 price target are maintained. Target price is $5.00 Current Price is $3.10 Difference: $1.9 If FXL meets the Credit Suisse target it will return approximately 61% (excluding dividends, fees and charges).
7	Deutsche Bank	07/02/2014	1	Buy	$4.90	62.8%
8	The suggestion made by Deutsche Bank analysts this morning is that Flexigroup is building a legacy of reporting double-digit gains, with yesterday's interim report extending its run of double digit EPS growth to five years. Key elements of the investment story continue looking good, argue the analysts, while some parts of the business are underperforming. Deutsche Bank points at Flexirent earnings declining and credit card receivables weaker than the broker would like. All in all, the analysts believe yesterday's solid report translates into high visibility over FY14 earnings plus it sets the platform for FY15 to be yet another strong year. Buy rating retained, as well as the $4.90 price target. Target price is $4.90 Current Price is $3.10 Difference: $1.8 If FXL meets the Deutsche Bank target it will return approximately 58% (excluding dividends, fees and charges).