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Potential Buy Entry Alert to Watch FXL
Time Frame : Daily/Weekly
Sector : Diversified Financials/Financial Services
Key Stats : $792.73 Million Market Cap, VWAP 2.02, ASX Ranking 294, 4 Week Av Turnover $2,223,254, Current Turnover (Intraday as at time of alert) $241,990 (11:50am AEDT), PE 12.6, Div Yield 3.38%.
Company Overview : FlexiGroup Limited (FXL) is a diversified financial services group providing no interest ever, leasing, vendor finance programs, interest free and credit cards, lay-by and other finance solutions to consumers and businesses. FXL operates in Australia, New Zealand and Ireland within a diverse range of industries including: home improvement, solar energy, fitness, IT, electrical appliances, travel and trade equipment.
Broker Consensus : BUY/HOLD
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FXL – Flexigroup Limited
FXL is in a prime position to start the march higher and hold a key higher low. Price recently spiked up to 2.70 off lows at 1.36 and has spent some time cleaning out the late buyers. We are now watching for price to hold up above 2.00 and push through 2.20 with increased volume which will support the view buyers are in control.
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Stock Code : FXL – Flexigroup Limited
Company Website : www.flexigroup.com.au
Current Price : 2.01
Status : On watch for potential higher low and push up through 2.60
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