Liberty Financial Group Ltd Stapled (Ordinary Share,Unit)
LFG: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$8.20 | Hnbf | Ptvgnszy |
Liberty Financial: Initiating on a No-Moat Lender Trying to Stay Out of the Major Banks' Lane
We initiate coverage of nonbank lender Liberty Financial Group. Mortgages make up 55% of its loan book, with a focus on higher-risk borrowers, for which Liberty can charge higher rates. Other lending includes motor, commercial property, and self-managed superannuation fund, or SMSF, loans.