AFG 2.19% $1.56 australian finance group ltd

weakness again, page-2

  1. 9,286 Posts.
    weakness probably due to the UBS downgrade today. However, to me, it is irrational because based on the UBS information, at their $6, the PE ratio will be 7.6 and the dividend yield 10.5% gross before tax.


    **********************************************************

    UBS rates AFG as Downgrade to Hold from Buy - The fallout from the Centro Properties ((CNP)) debacle continues with UBS downgrading Allco Finance to Hold purely on concerns in the market regarding complex structures.
    Allco is complex. Target has dropped by $3 to $6.00.


    Target price is $6.00 Current Price is $5.88 Difference:$0.12 - (brackets indicate current price is over target). If AFG meets the UBS target it will return approximately 2% (excluding dividends, fees and charges - negative figures indicate an expected loss).

    The company's fiscal year ends in June. UBS forecasts a full year FY08 dividend of 44.00 cents and EPS of 78.80 cents. At the last closing share price the estimated dividend yield is 7.48%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.46.

    Market Sentiment: 0.6
 
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Last
$1.56
Change
-0.035(2.19%)
Mkt cap ! $422.3M
Open High Low Value Volume
$1.60 $1.61 $1.55 $422.4K 269.0K

Buyers (Bids)

No. Vol. Price($)
1 9865 $1.56
 

Sellers (Offers)

Price($) Vol. No.
$1.57 12302 2
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Last trade - 16.10pm 16/08/2024 (20 minute delay) ?
AFG (ASX) Chart
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