I think the market got the jitters when AFG put out their quarterly Mortgage Index Report for Q1 on 6 Oct. If you go to Table 7, it shows that AFG's share of mortgage origination dropped from 10.39% of the market in Q4 of 2022 to 7.95% in Q1 2023. That is a drop of over 20%. I think that is what has caused the reluctance to push the share price higher. The origination fees and the trailing interest income are the 2 main sources of AFG's revenue, and I think the origination fee revenue might lag the writing of the loans.
So I think the market is waiting to see if the percentage of origination can rebound and if fee revenue can be retained or drops significantly in Q2.
Even if there is a short term drop in earnings, I think the longer term still looks positive.
Cheers Westwind
- Forums
- ASX - By Stock
- Ann: Dividend/Distribution - AFG
I think the market got the jitters when AFG put out their...
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AFG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.47 |
Change
-0.025(1.67%) |
Mkt cap ! $398.0M |
Open | High | Low | Value | Volume |
$1.49 | $1.49 | $1.46 | $327.8K | 223.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1999 | $1.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.48 | 6060 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1999 | 1.470 |
3 | 16460 | 1.455 |
11 | 34611 | 1.450 |
2 | 10500 | 1.440 |
2 | 18988 | 1.430 |
Price($) | Vol. | No. |
---|---|---|
1.480 | 6060 | 1 |
1.500 | 23101 | 3 |
1.510 | 2704 | 2 |
1.520 | 9000 | 1 |
1.530 | 10000 | 1 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
Last
$1.47 |
  |
Change
-0.025 ( 1.64 %) |
|||
Open | High | Low | Volume | ||
$1.49 | $1.49 | $1.46 | 20435 | ||
Last updated 15.59pm 10/05/2024 ? |
Featured News
AFG (ASX) Chart |