Finbond Group (JSE: FGL) share price, discussion & sentiment

FGL up 11% today, nice momentum but I'm cautious until we see what's driving it. Volume and sector sentiment matter here, especially with financials being choppy lately.

FGL getting hammered on the micro-lending side, everyone's nervous about credit quality in this economy. R0.90 close is painful but the dividend yield is still decent if they can hold collections. Other lenders getting crushed way worse so maybe there's something here, just gotta see if they survive the next earnings without another write-down.

Micro-lending in SA right now is brutal with rates where they are, consumers are just tapped out. FGL's book quality is gonna matter a lot more than volume going forward, and honestly the rand weakness doesn't help either when you're funding in dollars. Long-term view hasn't changed but eish, the next 12 months could be rough.

Good Morning Everyone. FGL closed R0.90, market cap sitting around 3.2bn depending on share count moves. Micro-lending's tough right now with credit tightening and collections under pressure, but if they stabilize the loan book and get bad debts under control the yield on that equity is there. Problem is proving it happens.

FGL sitting at R0.90, balance sheet's gotten thinner. Micro-lending's brutal when credit demand drops and defaults climb, ask Bayport how that's been going. Need to see actual recovery in advances before touching this one ngl.

fgl's been getting hammered but micro-lending space is brutal rn, especially with rate hikes eating into margins. ngl the r0.93 close looks weak given where consumer credit stress is at. if they can't show earnings growth next results gonna be rough, most of their peers struggling too.

FGL's been getting hammered but the micro-lending model is actually structural, not cyclical like people think. Look at the impairment charges in the last MD&A, yeah they're bad, but loan book's still turning over. Problem is the rand weakness kills margins on dollar debt and load-shedding's crushing their collections.

Micro-lending in SA is structurally sound but FGL's execution on collections and cost control has been the real drag. Compare that to Bayport or even the smaller players who've tightened their books, and you see where the gap is. At 93c the market's pricing in continued strain, which might be fair until we see a proper turnaround in their loan book quality.

Spent last night on the AFS, credit book is still deteriorating though

Finbond's exposure to SA consumer credit is rough when rates are this high and load-shedding is crushing discretionary spend. But the micro-lending space is where people actually go when they need cash, so defaults might not spike as bad as you'd think compared to traditional unsecured lenders. Long-term view hasn't changed, they'll survive this cycle even if the next two earnings are messy.

Interesting numbers on the last set, credit impairment ratio came in around 8.5% which is manageable for the micro-lending space but worth watching if economic stress picks up. At R1.02 you're getting a decent entry if you believe the rand weakness helps repayments and load-shedding doesn't hammer the consumer further. Could be wrong but the thesis holds if they stick to their core book and don't get too aggressive chasing growth through dodgy lending.

FGL getting smashed but the micro lending space is still hungry for this stuff, especially with credit hungry folks out there. Balance sheet isnt pretty but if they sort out their impairments they could rip. R1.02 is giving value imo, LFG.

FGL sitting at R1.02 and honestly the micro-lending space is brutal right now with rates where they are. Company's been squeezed hard but if they can hold their book together through this cycle they're got real upside when credit normalizes. Comparing to the other lenders, FGL's portfolio quality matters way more than the noise, just need to see it in the numbers.

FGL lending into the township market when everyone else got scared, that's the thesis. Micro-lending aint sexy but its real money if you dont blow up on defaults, and these guys have been around long enough to know the game. At R0.99 you're basically pricing in armageddon, catch the express train when the rand steadies and credit demand picks up again.

FGL sitting at R0.99 is comedy, given what micro-lending outfits like Capitec have done over a decade. Balance sheet's still sore from the covid years but the credit book's tightening up, which matters more than sentiment. If they can hold arrears steady while volumes grow back, there's actual meat on the bone here.

FGL sitting at R0.99 is honestly looking decent given what theyre doing in the micro lending space. lot of these guys are getting squeezed by rate hikes but finbond's been fairly resilient on the credit side, ngl their book management looks tighter than some peers. long term if they keep the defaults under control and the rand stays reasonable, theres something here.

Key clarification on the credit loss ratio, FGL pushed it down to 28% in the last quarter which is actually solid for micro-lending where you're dealing with subprime. Compare that to where they were two years back and the underwriting's genuinely tightened. At R0.99 you're paying bugger all for a lender that's actually de-risking the book instead of just pushing volume like everyone else was doing.

Good Morning Everyone. FGL sitting at R1.09 after that rough patch, micro lending space still under pressure but their loan book recovery rates are holding up better than peers. Lot of potential if load shedding doesn't crater consumer repayments further, worth watching the next SENS update on book quality.

FGL holding R1.09 but micro lending getting squeezed hey. Interest rate environment killing affordability for their target market, where's the growth coming from next year. Compare to Bayport, at least they got diversified revenue streams.

FGL at R1.09 is basically giving away micro-lending exposure in SA. The whole sector got hammered but these guys still got book value backing them, problem is debt levels are sketchy and collections have been rough. If they sort the arrears out next half could be interesting but right now it's a turnaround play not a buy and hold.