2018 Investor Day Reaffirms Our Positive View on OFX Group, with AUD 1.60 FVE Unchanged
An impressive 2018 Investor Day gives us more comfort that no-moat OFX Group will be able to successfully implement its multipronged growth strategy. The market also seemed to be impressed, with OFX’s share price moving sharply higher and now trading in line with our unchanged fair value estimate of AUD 1.60 per share. We also continue to forecast a total fully-franked dividend of AUD 5.5 cents per share for fiscal 2018.Our expectation the mostly improved key fundamental metrics in first-half f...
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