Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

34 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

AFG, AUSTRALIAN FINANCE GROUP LTD
blacksheep
post Posted: Feb 5 2019, 11:35 AM
  Quote Post


Posts: 6,141
Thanks: 2194


CODE AFG now belongs to - Australian Finance Group Ltd AFG:ASX
Banking & Investment Services Sector - Small Cap Stock


Biggest losers in the Banking Royal Commission - Mortgage Brokers

AFG SP down currently 29.92% @ 89c

https://www.shortman.com.au/stock?q=afg

Chart #1 is 6 monthly, char#2 5 yearly
Attached thumbnail(s)
Attached Image

Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Aug 26 2016, 12:20 PM
  Quote Post


Posts: 5,881
Thanks: 2129


must have morphed, since the last debacle... Australian Finance Group not Allco

QUOTE
Australia's biggest mortgage broker, Australian Finance Group, has smashed its prospectus forecasts, riding the tailwind of the housing boom in its first full year as a listed company.AFG today booked a net profit of $22.7 million for the year through June, an 11 per cent increase year-on-year and 15 per cent ahead of the group's prospectus forecasts. The company was floated on the local exchange in mid-2015.

Revenue for the company rose 2.8 per cent to $547m. Residential mortgage broking was boosted by an 8 per cent lift in settlements worth $33.8 billion. Commercial broking settlements were up 15 per cent to $2.76bn.

The group has a significant wholesale operation, sourcing lending products from over 45 principal lenders, which are subsequently distributed through a network of 2650 affiliated brokers.

Established in 1994, AFG now controls around 10 per cent of the Australian mortgage market. The group has a combined home and commercial loan book worth more than $120 billion.

Managing director Brett McKeon said AFG is "systemically important to the Australian banking system" with a mortgage market penetration of more than 50 per cent.

Profit was assisted by a beefed up net interest margin generated, which was supported by the group's loan securitisation program, with the loan book increasing slightly over the year to $1.04bn.

"Our commercial loan book grew very well during the year as more small to medium sized businesses recognised the value a commercial broker can deliver," Mr McKeon said. "We expect this trend to continue, predominately in asset lending."

Mr McKeon said settlements were particularly strong on the east coast, particularly in Victoria and Queensland.

"AFG has recorded an excellent first full year as a listed company in 2016 with outperformance of prospectus forecast results and a positive outlook for the future," he said.

AFG will pay a 5.4c final dividend, bringing the year's total distribution to 8.4c.

would still be wary of the new model.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
balance
post Posted: Nov 4 2008, 10:08 PM
  Quote Post


Posts: 5,570
Thanks: 579


well I'll be....
looks like the masters of the universe are not so clever after all.
glad it was this lot and not qantas.. but it was a very close call.
If they'd got qantas afg would likely be in the intensive care ward but qantas more than likely DOA.
So, so close.



--------------------
Day Trader: Lowest form of life in the known universe.
Shorter: Can limbo under a day trader.
Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)
Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.
 
kelt
post Posted: Nov 4 2008, 07:18 PM
  Quote Post


Posts: 1,359
Thanks: 290


Allco Finance Group (ASX: AFG) – Appointment of Voluntary Administrator

The Directors of Allco Finance Group Limited (Allco) (ABN 53 077 721 129) today announced the appointment of Tony McGrath and Joseph Hayes of McGrathNicol as the Voluntary Administrators of Allco and certain of its subsidiaries pursuant to Section 436A of the Corporations Act 2001.

http://imagesignal.comsec.com.au/asxdata/2...df/00899875.pdf



--------------------
"Money is being taken from the competent and given to the incompetent."

Jim Rogers
 
RADIO
post Posted: Sep 2 2008, 10:20 AM
  Quote Post


Posts: 3,268
Thanks: 9


user posted image
Recent ShareScene.com Radio Broadcast (29/08/2008 11:00:00):
AFG - 2008 Full Year Results Presentation (Analyst Briefing) - Mr David Clarke (CEO), and Mr Ray Fleming (CFO)

N.B. ShareScene.com Radio can normally be accessed by the 'RADIO' link, top of every page.
-------------------------------------------------------------------------------------------------------------
ShareScene.com Radio delivers investor presentations from ASX listed companies. Keep up to date with the latest corporate dealings of the shares you follow. Hear news direct from the source. Listen to directors and investor relations mangers discuss their company, give investor updates and brief on current results. ShareScene.com Radio keeps you informed about company announcements and events, and provides you daily market wraps and industry discussions.
-------------------------------------------------------------------------------------------------------------

 
RADIO
post Posted: Jun 24 2008, 05:42 PM
  Quote Post


Posts: 3,268
Thanks: 9


user posted image
Recent ShareScene.com Radio Broadcast (19/06/2008 09:00:00):
AFG - Announces the Sale of the Tehachapi, US Wind Development Project - Mr Steen Stavnsbo, Head of Wind Energy

N.B. ShareScene.com Radio can normally be accessed by the 'RADIO' link, top of every page.
-------------------------------------------------------------------------------------------------------------
ShareScene.com Radio delivers investor presentations from ASX listed companies. Keep up to date with the latest corporate dealings of the shares you follow. Hear news direct from the source. Listen to directors and investor relations mangers discuss their company, give investor updates and brief on current results. ShareScene.com Radio keeps you informed about company announcements and events, and provides you daily market wraps and industry discussions.
-------------------------------------------------------------------------------------------------------------

 


skorpian
post Posted: Apr 26 2008, 05:17 PM
  Quote Post


Posts: 2,467
Thanks: 105


QUOTE (chooka @ Friday 25/04/08 07:37pm)

I agree that they will be constrained in further borrowings - my point being that makes it hard for them to have any growth.

I was just pointing to the credit squeeze for all who are not banks (recognising that Banks are also squeezed) - and that problem is greater for AFG than other companies also raising capital at the moment.

I'll bow out from this one and leave the thread to you.

 
chooka
post Posted: Apr 25 2008, 09:37 PM
  Quote Post


Posts: 111


not in the near future,no.banks involved in the restructre would not contemplate it.If u borrowed from every kid in school and started ti stiff a few,would u get more money?they wil not be allowed to venture for a coulple of years.Its about preserving and bridging/meeting debt obligations.I fail to see what the quoted article has to do with afg,s survival wacko.gif

 
skorpian
post Posted: Apr 25 2008, 07:28 PM
  Quote Post


Posts: 2,467
Thanks: 105


In reply to: chooka on Friday 25/04/08 03:52pm

Do you mean that in their current business model there is no need for them to borrow ?

I know they are refinancing their loans at present, but surely they have a need for borrowing money / refinancing in the future

I know longer hold but still follow the SP rather than the company. I note that Huntleys says

AFG is a financial services group that invests in a range of businesses and assets expected to generate above average financial returns. Operations cover niche financial products with core asset classes including aviation, shipping, rail, property, energy infrastructure and financial assets. The group specialises in asset origination and structuring transactions, funding and managing assets and management of specialised funds.

I would have thought to remain in business or new business they would need some funding ?

 
chooka
post Posted: Apr 25 2008, 05:52 PM
  Quote Post


Posts: 111


Allco sold there mortgage lending business a while back.flogging property and wind farms at present.I don't understand your point skorpian.please explain.

 
 


34 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING