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FSA GROUP LIMITED — Capital/Financing Update 2020
Jul 19, 2020
64948_rns_2020-07-19_7e1c53c9-4969-4d60-be24-7973486df7aa.pdf
Capital/Financing Update
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FSA GROUP LIMITED
20 July 2020
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Market update
This Market Update should be read in conjunction with the Market Update dated 28 May 2020.
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( New Clients ) Covid-19 continues to impact the number of new callers seeking our assistance. We believe demand for our services will start to increase in the months leading up to the withdrawal of both Government and Bank support packages.
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( Existing Clients ) For Services we continue to see a material increase in collections. We have also seen an improvement in arrears and hardships for both Home Loans and Personal Loans.
| Arrears >30 Day | 31 Dec 2019 | 22 May 2020 | 16 July 2020 |
|---|---|---|---|
| Home Loans | 1.76% | 3.04% | 2.13% |
| Personal Loans | 3.48% | 4.43% | 3.16% |
| Hardships | 31 Dec 2019 | 22 May 2020 | 16 July 2020 |
| Home Loans | 2.66% | 6.54% | 4.07% |
| Personal Loans | 1.09% | 4.05% | 2.04% |
** Hardship is defined as a client who is currently unable to meet their payments, due to a change in circumstance.
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(FY2020 Guidance) We now reconfirm our FY2020 guidance as follows: a. Expect earnings growth of 5% to 15% compared to FY2019; and
- b. Expect our full year dividend to be between 6 cents to 7 cents per share.
This ASX announcement has been authorised for and on behalf of the FSA Group Board by: Tim Odillo Maher, Executive Director
For more information, please contact: Tim Odillo Maher Executive Director +61 2 8985 5090 [email protected]
FSA Group Limited Head Office Level 3, 70 Phillip Street Sydney, NSW, 2000
Phone: 1300 660 032 Fax: 1300 660 050
ASX Code: FSA