SVR 0.53% 94.0¢ solvar limited

Very interested - just listened to the earnings call this...

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    Very interested - just listened to the earnings call this morning.

    It's not that it is not an "interesting" business - it is that it is very simple to understand. Managament is very conservative and plays with a straight bat. e.g. I could not find it written anywhere, but If you listened to the earnings call, a few analysts were poking around their finance facility - they will probably announce a refinance of 150m+ in the next 2-3 months that will save them 3+% (to take effect sometime in June-Dec) ... this will flow straight to the bottom line ... but they do not want to say anything until it is done. This could be for more than $150m and more than 3% ... both likely, but management is very conservative and rather "delight" than fail to meet expectations. There are other nuggets of info in that earnings call .. but basically they are just trucking along lending money at a margin, turning loans over quickly, improving their credit quality while expanding their channels.

    For interesting, check out something like Cloudflare on NYSE - not much coverage either - just the way I like it.


    Last edited by nocelery: 17/02/20
 
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