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91.0¢ fsa group limited

Thanks for taking the time to reply kearneymauricey,much...

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debdeb

228 Posts.

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14/09/17

05:49

Post #: 27202740
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Originally posted by kearneymaurice ↑

If you go to the chairmans letter in the annual report, it states consumer debt levels are at a record high, new enquiries are increasing and demand for our products and services is growing. This is currently occurring in a historically low interest rate environment. As interest rates normalise demand for our products and services will accelerate.

The core part of the business is actually managing debt agreements which will likely increase as interest rates rise.

With the house lending, FSA is only risking 3% of the amount lent. Westpac front up 90% of the loan and another lender 7%. Provide the property market does not dramatically collapse, in a lot of cases bad loans will be recovered when the property is eventually sold.

I hope that helps.

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Thanks for taking the time to reply kearneymauricey,much appreciated.

FSA Price at posting: $1.40 Sentiment: None Disclosure: Held
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(20min delay)
Last 91.0¢		Change 0.000(0.00%)		Mkt cap ! $110.4M

Open	High	Low	Value	Volume
90.5¢	91.0¢	89.8¢	$24.08K	26.48K

Buyers (Bids)

No.	Vol.	Price($)
1	1123	89.0¢

Sellers (Offers)

Price($)	Vol.	No.
91.0¢	8391	1

View Market Depth

No.	Vol.	Price($)
1	1123	0.890
1	4000	0.880
3	16140	0.875
1	5000	0.870
2	22681	0.800

Price($)	Vol.	No.
0.910	8391	1
0.920	30000	1
0.930	18500	1
0.935	38652	1
0.940	10000	1

Last trade - 16.10pm 07/05/2024 (20 minute delay)


Last 91.0¢			Change 0.000 ( 0.55 %)
Open	High		Low	Volume
90.5¢	91.0¢		90.5¢	1102
Last updated 15.54pm 07/05/2024 ?

FSA (ASX) Chart

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