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#Aquisition & a Divestment
stale
Added one year ago

COG is Australia’s largest asset financing and aggregation group with an estimated 21% market share of broker originated asset finance lending. COG has two main lines of business: finance broking and aggregation to SME’s; and funds management and lending. This creates a truly diversified financial services business.

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Holders are sceptical .. risk off at $1.29

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#2022 AGM CEO Presentation
stale
Added one year ago

COGs Idea of Australian electricity grid to renewables towards 2030. Seize the Day sort of stuff.

25th Nov. Andrew Bennett Chief Executive Officer:


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#Cancellation of Options for Co
stale
Added one year ago

(a) the Management Options have created a material tax liability for the holder, Mr Bennett;

The full spiel here: 2924-02601055-2A1415042 (markitdigital.com)

Interesting reading .. minimising the tax liability

Resolutions Cancellation of Options for Consideration Resolution 1 – Cancellation of Options for Consideration Background On 23 December 2020, the Company issued 418,410 (4,184,100 on a pre-consolidation basis, with the consolidation occurring on 7 July 2021) unlisted Options to Mr Andrew Bennett, CEO of the Company pursuant to the terms of his services agreement (Management Options).

The Management Options are each exercisable at $0.48863 per Management Option ($0.048863 on a pre-consolidation basis, with the consolidation occurring on 7 July 2021) and expire on the earlier of 3 months after Mr Bennett’s cessation of employment and 5.00pm AEST 30 June 2023.

The purpose for the cancellation of the options for consideration is:


(a) the Management Options have created a material tax liability for the holder, Mr Bennett;

(b) Mr Bennett is entitled to exercise the Management Options into shares, with a resultant outcome requiring Mr Bennett to sell a substantial portion of those shares to cover the tax liability; and

(c) It was considered by the Board, and agreed with Mr Bennett, that the cancellation for consideration would be in the best interest of shareholders, as a similar net value would be realised by Mr Bennett, allowing the tax liability to be paid, without the need to sell on-market the shares to realise the consideration.

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#FY 2022 Dividend Business day
stale
Added 2 years ago

(b) COG must amend their corporate action, specifically the Record Date, to fall on a valid Business Day in accordance with ASX timetable requirements.

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#Macquarie Emerging Leader Foru
stale
Last edited 2 years ago

Small cap ASX share to grow its dividend by 295%. The dividend payout ratio was 62%


COG Financial Services Limited (ASX: COG) is Australia’s leading finance broker aggregator and equipment leasing business for ** small to medium-sized enterprises (SMEs).

COG has two complementary business divisions, Finance Broker & Aggregation and Lending. The former provides aggregation services to independent brokers and brokers in which COG has invested in, representing over A$4.5bn per annum of Net Asset Finance (NAF). The latter provides originations of new chattel mortgage product.

Noted: COG MC: $257Mill

Debt / Equity ok

Growing ROE, and EPS.

Gross Dividend Yield 10% , Franking 100% , Ex dividend circa 22/9/2022

so could be a steady stock here..

Going by this slide Brokers generating the Banks loans assets ( **thats small to medium enterprises lease )

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#Business Model/Strategy
stale
Added 3 years ago

An interesting play imo. Although profitable and paying a dividend, COG remains a high risk investment.

With the recently modified operating model that de-risks the business I've opted to take an initial stake.

This is not a long term hold (for me) but rather one I'll trade following it's results later this month.

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