FID - Fiducian Group

[finicky]

Reported FY23
NPAT 7% lower but that would still make it a roughly 26-27% ROE stock?
HIgher funds under mgt, advice, admin.
18c final dividend
Price up slightly but on insignificant volume.
Chart still well within its downtrending channel but might have bottomed at 5.27 - unsure.

Held

 

[finicky]

Added 1,000 shares @ 6.11

Value buy - my crude method sees it as worth around 7.50 or more.
Final dividend of 18c a record and brings the full year div up to same as last year. Yield (actual) of almost 5%ff.

Have included a snapshot of stats showing eps climbing each year - I think this year is the first miss but ROE is 26-27% on FY22 Book Value of 1.50. Has net cash. Very frugal in issuing new shares and principals have an excellent record of buying on market (although no purchases recently).

Daily Chart lately is messy due to paltry volume. Today less than 4,000 shares traded. Low volume makes chart interpretation even more iffy but might have been carving an ugly rounding low over the past 6 months with low of 5.27.
A monthly chart, not shown, has price peeking out of best fit downtrend resistance line.

Held

DAILY

 

[finicky]

FID got an an inclusion in this livewire article.

The pendulum of opportunity: 4 small caps poised to deliver in 2024 and beyond

We introduce 'The Pendulum of Investor Psychology' and detail four Australian small caps with much to look forward to in 2024.

www.livewiremarkets.com

Held

 

[finicky]

Typical, just typical-ly good.
H1 result: EPS up 17% on pcp
Founder executive chairman who often puts his own money into the stock.

Held

 

[finicky]

12 month high today. Finished on its intraday high.
Recommend a look at this stock for consideration when there's a crash.
Chartwise, at least on this occasion a break of the downtrending resistance line was a good indicator. Divergent MACD and preceding high volume too.

Held

WEEKLY - not showing today yet

 

[finicky]

Up 7%, 12 month high at over $8 intraday.
Voluntary Quarterly report: net inflows. FUMAA up on pcp.

Held and Holding

 

[finicky]

Net funds inflow up. Never disappoints. If it crashes with everything else at some time, like it did in 2020, don't overlook it.

Held

 

[finicky]

Record div, with graph showing dividend ascent over the years. Income seekers, put it on your crash list. @divs4ever

 

[divs4ever]

Record div, with graph showing dividend ascent over the years. Income seekers, put it on your crash list. @divs4ever

View attachment 182667

i hold several rivals ( only competing in certain areas )

BUT if the entry price is good that has never stopped me from having several direct rivals in the same sector

with fund/wealth managers ( generally ) facing outflows , this is a sector very likely to 'throw the baby out with the bath-water

will i have the discipline to watch this in a time of collapsing share prices ?

 

[finicky]

I'll bump you

 

[finicky]

Interesting channel and vid for dividend harvesters. Fiducian (FID) squeezed in at #18

 

[finicky]

12 month highs being etched into history by Fiducian. Fk gold mining companies.

DAILY

 

[finicky]

Exec Chairman'x address to FY24 AGM today.
Also FUMAA growth continued in Sept Qtr at $14.2B

Held
Holding

 

[finicky]

Vid from a week ago
Held
Holding

Fiducian segment starts at 32.50

 

[Value Hunter]

I do not own the stock as I do not have spare cash to invest but if I did I would certainly take a close look.

Not really much you can fault here. High margin, high ROE business, churning out consistent incremental growth, balance sheet is strong, business strategy is sound, high inside ownership and run by an owner operator and the stock is not overvalued. Ticks pretty much all the boxes. Whoever owns the stock will likely make a decent return over the next 10 years.

 

[galumay]

I looked long and hard at FID a few years ago, I see in my notes I wrote, "too exxy, buy if it gets down to $4" Of course it never got that low and I missed out. Well done @finicky.

 

[finicky]

One of my fave stocks - reports H1 in two weeks. Wish I'd dived into this instead of having a nibble.

Held

 

[finicky]

H1
Funds net inflow up $186m, Fiduciian plowing forward.
Held
Holding

 

[finicky]

Full Year net inflows of $124m
FY25 underlying EPS up 19% YoY
Final (H2) dividend 24.7c (up from 21.1c pcp)

Held
Holding

 

[finicky]

Another 52 week high, surfing the crest of an 'animal spirits' market. I should've been braver around the 2020 Wuhan collapse.
Posting to suggest that this stock should be added to everyone's crash shopping list, jmo.

Held
Not Adding

DAILY