3 Stocks In Finance Space - FXL, HUB, NGI

  • Jun 02, 2019 AEST
  • Team Kalkine
3 Stocks In Finance Space - FXL, HUB, NGI

FlexiGroup Limited

Buy-now-pay-later provider, FlexiGroup Limited (ASX: FXL) has recently launched an innovative and differentiated customer offer which enables shoppers to spend from $1 up to $30,000 completely interest free. It outlines the company’s new platform – humm (consolidating two legacy platforms - Certegy EziPay and OxiPay).

The company announced that a number of new high-profile retail partners, including Myer, IKEA Group, City Fertility and JB Hifi New Zealand, have joined the ‘humm’ platform. The addition of these tier one retailers in the health, fashion retail and home improvement categories represent continued momentum across humm’s target verticals.

The platform forms approximately 17% market share of the BNPL transaction volume in Australia with over 1 million customers shopping at more than 13,000 seller locations and e-commerce sites.

FlexiGroup’s New Product- humm (Source: Company’s 1HFY19 Presentation)

Rebecca James, Chief Executive Officer at FXL said that FlexiGroup has always been involved in bringing innovation with a proud history of financing Australian and New Zealand lifestyles for over twenty years. In this changing environment, consumers are demanding to have greater control over their finances and FXL’s humm platform enables them to finance in any scale, that helps with affordability and managing their household budget.

FXL last traded at $1.810, down 2.162%, on 31 May 2019.

HUB24 Limited

Investment and superannuation platform services provider, HUB24 Limited (ASX: HUB) has reported that its platform achieved 1st place for both Decision Support Tools and Managed Account Solution in the Investment Trends Competitive Analysis and Benchmarking Report.

ASX-listed HUB24 Limited is focussed on the delivery of the HUB24 platform and the growth of its wholly owned subsidiaries Paragem Pty Ltd, Agility Applications Pty Ltd and ConnectHUB Pty Ltd. The company concluded its March 2019 quarter on strong FUA growth trajectory with gross inflows of $1.2 billion and net inflows of $793 million.

HUB Net Inflows (Source: Company’s Announcement)

Subsequently, HUB24 achieved 1st place for quarterly net inflows while maintaining the fastest rate of growth in the industry in percentage terms relative to its size. However, HUB24 expects its platform revenue margins for 2HFY19 to reduce by approximately 6% compared to 1HFY19, due to the fluctuation in the level of platform trading activity, the level of assisted transitions in the new business mix and client cash balances.

HUB24 last traded at $13.660, up 0.589%, on 31 May 2019.

Navigator Global Investments Limited

Financial player, Navigator Global Investments Limited (ASX: NGI) has estimated USD 14.89 billion total Assets Under Management (AUM) for the March 2019 Quarter, comprising USD 3.6 billion from MAS and USD 11.3 billion from Lighthouse. This is in comparison to USD 14.72 billion AUM for the quarter ended 31 December 2018.

Annual AUM Breakup (Source: Quarterly Report)

The company recently notified that Eley Griffiths Group have ceased to be the substantial holder in NGI with effective from 9 May 2019.

NGI last traded at $3.790, down 2.571%, on 31 May 2019. The stock closed at a price to earnings multiple of 16.850x with a market capitalisation of $630.76 million. Over the past 12 months, the stock has declined by 10.16% despite an upside of 23.10% recorded in the past three months.


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