Jason,
any suggestion that AFG is going to cut its dividend is pure downramping.
Continuous disclosure regulations require AFG to inform the market of any dividend cut. This close to the end of the Dec half, AFG would know if it needed to cut its dividend. The fact that AFG has not informed the market of a dividend cut means that there will be no dividend cut. Indeed, there is a chance that AFG's next dividend payment might be INCREASED.
AFG is under no debt financing stress whatsoever, and is expecting healthy EPS growth this year.
Its share price is being governed at the moment purely by short term negative sentiment associated with the Centro disaster. There are no 'nasty secrets' that AFG management are hiding from the market.
really awful, page-5
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Last
$1.66 |
Change
0.030(1.84%) |
Mkt cap ! $449.4M | |||
| Open | High | Low | Value | Volume |
| $1.63 | $1.66 | $1.60 | $441.8K | 269.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 960 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.66 | 3655 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| AFG (ASX) Chart |