Looking at share prices every day, or every minute of every day for some, can be emotional.
I've just spent a good 45 minutes or so glancing at some of the AFG announcements over the past 6 months. Really, if I hadn't been watching the SP fall my impression would be that the business is worth investing in - especially at these prices.
Even the Rubicon deal, it needs to be remembered that 25% of the purchase price is performance based. It could actually be argued that the current property woes are positive in that if 20% growth is not achieved this year, then it needs to be achieved on a 3 year basis before the performance is paid. To my thinking, the current property woes mean 20% this year will be tough. Great. I'd much prefer a 3 year earn out (meaning 3 year compound 20% growth). Or if not achieved then it is not paid regardless.
That deal aside, the primary negative is the underperformance of their funds. This needs to change.
MJS
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Last
$1.43 |
Change
0.040(2.89%) |
Mkt cap ! $385.8M |
Open | High | Low | Value | Volume |
$1.38 | $1.43 | $1.38 | $1.476M | 1.056M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 9093 | $1.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.43 | 1180 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 4295 | 1.415 |
1 | 762 | 1.410 |
1 | 762 | 1.405 |
3 | 3179 | 1.400 |
2 | 2762 | 1.395 |
Price($) | Vol. | No. |
---|---|---|
1.430 | 900 | 1 |
1.435 | 1308 | 1 |
1.440 | 4192 | 3 |
1.445 | 762 | 1 |
1.450 | 1317 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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