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AFG, AUSTRALIAN FINANCE GROUP LTD
skorpian
post Posted: Apr 25 2008, 04:37 PM
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In reply to: david_j_c on Friday 25/04/08 02:24pm

I was generalising rather than saying this article was about AFG

Money supply is tightening up in general - and one would assume that a company like AFG is going to pay a premium for their funds...that must impact upon their business model and forward earnings...

 
david_j_c
post Posted: Apr 25 2008, 04:24 PM
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In reply to: skorpian on Friday 25/04/08 03:51pm

skorpian,

So why does this article mean that? Do you mean the credit crunch in general?

 
skorpian
post Posted: Apr 25 2008, 03:51 PM
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I totally do not understand how AFG can continue to exist...

who would lend them money and who wouold take the risk and borrow from them ?

http://business.smh.com.au/nonbank-lenders...80425-28j1.html

 
oldpos
post Posted: Apr 23 2008, 05:44 PM
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What's in the pot? A big rise for AFG today!



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oldpos
 
aceisme
post Posted: Apr 7 2008, 10:34 PM
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In reply to: TraderMaddog on Monday 07/04/08 07:24pm

If John Kinghorn bought 10% around this price, then you would have to think that things will turn out ok, but who knows?

 
TraderMaddog
post Posted: Apr 7 2008, 07:24 PM
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April 14th is D-day for AFG. What do you guys think will happen? Will they be able to sell enough assets to pay off their loans?


 


ijh
post Posted: Mar 30 2008, 12:39 PM
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In reply to: skorpian on Sunday 30/03/08 08:50am

The directors of this company seem too be more interested in lining their own pockets than running the buisness.
Needs new board of directors with a fresh vision and drive.


 
skorpian
post Posted: Mar 30 2008, 10:50 AM
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Pathetic !

http://www.thewest.com.au/default.aspx?Men...ContentID=65144

The American, European and Japanese trusts are managed by Rubicon Asset Management, which is part of Allco Finance Group.

This week has proved one of the better ones for the Allco group since the credit crisis hit home in January, slashing the value of the group’s listed vehicles. Shares in Allco Finance have been the week’s best performer, more than doubling to yesterday’s 49¢ close, down 6¢ on the day.

The publication of the two annual reports also revealed that Dr Fell’s salary and cash bonus payments doubled last year. A bonus of $1.99 million from Rubicon America took the executive chairman’s total package to almost $2.1 million, up from $1.04 million in 2006.

Dr Fell’s work for Rubicon Europe earned him $2.29 million, almost all of it through bonuses, which is almost $1.3 million more than what he received the previous year.

 
AndrewD01
post Posted: Mar 6 2008, 04:53 PM
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In reply to: Livas1 on Thursday 06/03/08 05:17pm

Yes, got it, thanks.

 
foolsgold
post Posted: Mar 6 2008, 04:25 PM
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In reply to: Livas1 on Thursday 06/03/08 04:17pm

Looks like NAB has suddenly become a shareholder of AFG whether they like it or not. They are owed about $110m for the shares but at the current value they are worth about $19m. They will need to take a writedown of the difference, not good if you are an NAB shareholder. For AFG it may be good or bad news, just depends if they want to sell them or hold onto them and hope AFG restructuring works out.

 
 


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