Thought I'd just bring what I see as an opportunity for anyone interested but obviously please do your own research.

I have also pasted some broker reports further down.

LFG is currently trading at ~all time lows and yes I acknowledge the business has only been listed a short time.

Director purchased $1.3M in shares on 29th Oct and paid roughly $1.00 per share more than what they were trading at now.

So....if he thought they were good value then surely they must be a screaming buy now!

Regardless I'm continuing to add as we lead up to the AGM as I have a sneaky suspicion they'll never.....subject to something unforeseen......trade this low again.

ps: I HOPE THERE WON'T BE A NEED TO COME BACK AND EAT HUMBLR PIE:

THE FOLLOWING IS THANKS TO FNARENA:

Macquarie 01/09/2021

Outperform PT: $7.98 % To reach target: 38.54%

• COMMENTARY
• The FY21 result was around 5% ahead of Macquarie's EPS expectations.
• It's thought funding costs should support net interest margins (NIMs), despite front book pricing competition.
• While no specific FY22 guidance was provided, credit growth is expected to remain positive.
• The broker maintains its Outperform rating and lowers its target price to $7.98 from $8.36.
• 
  
• Macquarie forecasts a full year FY22 dividend of 41.30 cents and EPS of 66.20 cents.
• Macquarie forecasts a full year FY23 dividend of 42.00 cents and EPS of 64.90 cents.

Citi 31/08/2021

Buy PT: $8.10 % To reach target: 40.63%

• COMMENTARY
• Liberty Financial Group delivered a slightly softer FY21 net profit of $226m relative to Citi forecasts but 41% higher than FY20, as funding costs fell materially and bad debts were negligible.
• Citi notes the group is set to benefit from lower funding costs, with funding locked in during second half FY21 at 85bps versus the back book at 200bps. 
• While that favourably impacts FY22, the broker notes competition headwinds start to mount, with peers experiencing comparable tailwinds.
• Citi lowers FY22/23 earnings estimates by -4-9%, primarily reflecting lower net revenues. The Buy rating is retained and the target is lowered to $8.10 from $8.50.
• Citi forecasts a full year FY22 dividend of 48.10 cents and EPS of 76.20 cents.
• Citi forecasts a full year FY23 dividend of 46.90 cents and EPS of 74.40 cents.

Credit Suisse 31/08/2021

Outperform PT: $8.30 % To reach target: 44.10%

• COMMENTARY
• FY21 underlying net profit was up 61% and slightly ahead of Credit Suisse estimates.
• The broker believes the business is well-positioned for further growth and continues to manage growth against margin outcomes.
• Interest margin assumptions are raised while bad debt forecasts are lowered. Credit Suisse retains an Outperform rating and raises the target to $8.30 from $8.10.
• 
  
• Credit Suisse forecasts a full year FY22 dividend of 44.00 cents and EPS of 77.00 cents.
• Credit Suisse forecasts a full year FY23 dividend of 48.00 cents and EPS of 83.00 cents.

Today's sell down has provided a unique opportunity to buy a stable, highly profitable business with an added bonus of a ~7% dividend yield.

LIBERTY FINANCIAL GROUP FY21 RESULTS

Financial Highlights

                   FY20                        FY21                Movement

NPAT        134.7m                     185.4m                  +38%

(Refer to latest ASX release for ful financial disclosure)

Leading non-bank lender, Liberty Financial Group (ASX:LFG) has reported strong financial performance for its first full-year results since becoming an ASX listed company.

James Boyle, Chief Executive Officer, said the strong result was achieved in a period of increased competition and amid the continuing uncertainty COVID is placing on customers and the economy.

“We achieved our objective of continuing to help more people get and stay financial with Liberty,” he said.

LFG reported an increase in its portfolio of financial assets to $12.3 billion and an increase in statutory NPAT to $185.4 million.

After adjusting for non-recurring IPO expenses and non-cash amortisation, LFG reports growth in Underlying NPATA of 61% to $226.0 million for the year ended 30 June 2021.

“Liberty’s business partners and customers have shown tremendous resilience during the pandemic,” Mr Boyle added.

LFG reported 17% growth in new loans to $4.1 billion as well as a reduction in customers impacted by COVID to 0.7% of the portfolio as at 30 June 2021 (9.7% as at 30 June 2020).

“The current Australia wide lockdown and speed of vaccination rollout is causing continued short-term economic uncertainty impacting customer sentiment.

However, all things equal, we remain confident of generating further value for Securityholders in FY22,” Mr Boyle concluded.

Peter Riedel, Chief Financial Officer, said “LFG’s capital and liquidity position remains in a strong position to continue supporting our customers and business partners. LFG established eight new funding vehicles in FY21 raising $4.9b in the new liquidity.”

During the year, Standard & Poor’s placed Liberty’s investment grade credit rating on positive outlook.

LFG announced its inaugural distribution of 24 cents per Security unfranked at an implied dividend yield of 6% (based on a Security price of $7). Authorised by the Board.

ENDS:

Media contact: Rupert Hugh-Jones +61 401 693 016 rhughjones@liberty.com.au