SGF Weekly 26 April 2019

Investment: SG Fleet (ASX: SGF)

SG Fleet Group (ASX: SGF) is a business that takes care of salary packaging and novated leasing. The consensus is this specific sector is apparently a big no-no with labor likely to win the upcoming Federal election. The quality of the business and recent price action suggests otherwise.

Come out of the down trend since October in the past week which makes it now in early stages of an uptrend. Long average $2.43.

Company has guided on two occasions to stronger 2nd half of FY19 so will see how it goes…

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