AFG 4.40% $2.39 australian finance group ltd

curent issues

  1. 1,845 Posts.
    Current Issues

    Strategic Direction - AFG's core strategy is to be a leading global fund manager of alternative assets by providing asset finance solutions and creating investment opportunities. To this aim, AFG is in the process of building its funds management capabilities and seeking to grow its assets under management. If AFG is able to continue to launch profitable wholesale funds it will provide a steady revenue stream of annuity-style income.

    Risks - AFG is exposed to a number of risks such as; declining values of assets held for sale on its balance sheet, debt refinancing and poor investor sentiment flowing from underperformance of its various funds. AFG has a significant exposure to the aviation, shipping, infrastructure and property sectors and a downturn in any of these sectors may adversely impact future financial performance.

    Primary Share Price Catalyst - AFG's share price has been harshly treated by the market due to concerns that its business opportunities may slow due to the fallout from the sub-prime lending crisis in the US and underperfoming funds. Our view is that AFG's outlook has changed significantly and the performance of its funds will need to be reversed to sure up investor confidence.

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Mkt cap ! $515.2M
Open High Low Value Volume
$2.51 $2.51 $2.37 $402.0K 165.1K

Buyers (Bids)

No. Vol. Price($)
2 3334 $2.39

Sellers (Offers)

Price($) Vol. No.
$2.40 2800 1
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Last trade - 16.10pm 06/12/2019 (20 minute delay) ?
-0.110 ( 3.86 %)
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$2.49 $2.49 $2.37 16653
Last updated 15.57pm 06/12/2019 (live) ?
AFG (ASX) Chart
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