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Flexigroup

 

Buy FlexiGroup shares

FLEXIGROUP (FXL) Shares

ABOUT FLEXIGROUP

Flexirent Capital Pty Ltd. or better known as Flexirent is an Australian consumer leasing service of business and consumer electronics. It is the primary product of FlexiGroup Limited, headquartered in Sydney with over 500 employees in its workforce.

In 1988, founders David Berkman and Andrew Abercrombie realized there was a lack in the market for a simple, low-ticket finance service for small and medium sized businesses, with a lease product, offered through office equipment vendors.

Finally, Flexirent launched as a finance service for digital handset equipment in 1993.

However, it was only in 1995, when the service trailed at three Harvey Norman stores in Brisbane for 12 months that it rolled out to all stores. Today the service if offered by numerous computer and IT equipment retailers.

OVERVIEW OF FLEXIGROUP

  • Flexigroup Limited provides lease and rental financing services. Its diversified service provides vendor finance programs, interest free Visa/Mastercards, managed print services, lay-by and other payment solutions to consumers and businesses.
  • It operates through five segments: No Interest Ever business (Certegy), Interest Free Cards business (Lombard and Once Credit), Australia Leasing (consisting of FlexiRent, SmartWay, FlexiWay, FlexiCommercial, Enterprise and Think Office Technology), New Zealand Leasing, and New Zealand Cards (Fisher & Paykel Finance).
  • Through its network of over 20 000 merchant, vendor and retail partners, the company has access to four markets: Business to Consumer, Business-to-Business, Retail to Consumers and online. It operates in Australia, New Zealand and Ireland.

VISION & VALUES OF FLEXIGROUP

  • The people at Flexigroup Limited work together to help each other and its customers. It has a team of people who challenge themselves to make it simple for customers, retailers and shareholder. With growth comes opportunities and challenged and in this its customer focus remains relentless.
  • The ability to collaborate, innovate, simplify and deliver underpin the success of its dynamic team.
  • The company is involved with various causes and charities. The Starlight Children Foundation, being one of them, aims to transform the lives of seriously ill children. Staff are encouraged to take time out to volunteer at a charity that matters to them.
  • Shareholders who purchase company shares can rest assured of superior value.

MARKET PERFORMANCE OF FLEXIGROUP

  • Flexigroup Limited trades on Australian Securities Exchange (ASX) and lists under the stock symbol FXL. The company forms part of the ASX 100.
  • In the first half of 2019, the company delivers cash NPAT of US Dollar 76.1m. Adjusting for a one-off impairment in commercial leasing, the group’s cash NPAT is US Dollar 88.6m.
  • The Board declares a fully franked final dividend of 3.85 cents per share bringing the 2019 total dividend to 7.70 cents per share. Basic earnings per share is 15.9c.

Buy FLEXIGROUP stocks / shares – A Step by Step Guide how to Buy / Purchase FLEXIGROUP Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy FLEXIGROUP Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN FLEXIGROUP STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE FLEXIGROUP STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of FLEXIGROUP stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy FLEXIGROUP stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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