AFG 0.35% $1.42 australian finance group ltd

News: AFG UPDATE 1-Australia's first neobank Volt to shut deposit taking business, return licence, page-3

  1. 4,130 Posts.
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    I doubt whether this will make a lot of difference to AFG. A small stake in the scheme of things.
    If people sell because of this this announcement re VOLT, take a look at below and re-think.
    In all seriousness, the SP shoudnt be this low

    Extract from Half year:

    Reported NPAT of $30 million, an increase of 20%
    • AFG Securities settlements up 192% to $1.3 billion
    • AFG Securities loan book up 36% to $4 billion
    • Residential settlements up 47% to $30.8 billion
    • AFG Home Loans settlements up 90% to $2.8 billion
    • Commercial settlements up 83% to $1.8 billion
    • Our capital light, robust balance sheet is maintained with $225 million in net cash and other
    financial assets
    • Return on equity of 29%
    • EPS growth of 20%
    • Interim dividend 7c per share, generating an annualised yield of 6%
    • Key acquisitions to build diversified scale and support broker opportunities and efficiency
 
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$1.42
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