Professional
Added to YB: 2024-07-04
Pitch date: 2024-03-31
FNX.AX [neutral]
Finexia Financial Group Limited
-10%
current return
Author Info
Hurdle Rate is an Australian Unit Trust run by a CPA who shares global stock pitches on their website. Sign up for the newsletter.
Company Info
Finexia Financial Group Limited provides funds management, advisory, and market trading services in Australia.
Market Cap
AUD 13.3M
Pitch Price
AUD 0.20
Price Target
N/A
Dividend
3.70%
EV/EBITDA
N/A
P/E
8.49
EV/Sales
N/A
Sector
Capital Markets
Category
N/A
Hurdle Rate Sold Portfolio Holding: Finexia Financial Group Limited
FNX.AX: Sold due to poor inaugural results call, CEO inability to answer key balance sheet Qs. Pivot to private credit raises underwriting concerns. Sold crown jewel co-investments in Stayco & Childcare funds. Lost key distribution exec to ARC. Mgmt competence questioned. 18% loss over 5 months, 5% portfolio allocation.
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