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Author Topic: Finbond ??  (Read 4646 times)

EjazMahomed

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Finbond ??
« on: September 19, 2016, 03:29:01 pm »
Anyone have a view on Finbond?  Currently at R2.70 with a large institution backing.. Highest for the year is R5 and trading update recently mentioned up to 45% increase in EPS.  New business roll out in North America as well to diversify holdings and lower risk as well.
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Mr_Dividend

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Re: Finbond ??
« Reply #1 on: September 19, 2016, 05:19:59 pm »
Find it odd that it has been falling after that TS. Think it's a good buy for the future - it's a share I am holding in my LT CGT portfolio. Think it's a smart move to move into the States.
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EjazMahomed

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Re: Finbond ??
« Reply #2 on: September 21, 2016, 12:19:33 pm »
Definitely bargain prices at the moment! Its touched the lowest point of the last 3 years.  With current EPS of round 13c (after trading statement), R2.60 would only be at a PE of 20.  This share has traded upwards at a PE of 60 before and with potential in North America I think fair value is at least R4.  Note that directors and major shareholders excercised their rights at R3.35 almost 30% above current prices.  I picked up a chunk over the last week.  No brainer.
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