All expected really.
Strong results
Dividend detail will follow I suspect.
Re confirmed dividend policy so expect a solid dividend.
Should push the SP upwards now.
Impairments don't affect the underlying business model IMHO.
One off for the yearStock is currently undervalued the way I see it
Australian Finance Group Ltd (ASX: AFG) is set to deliver strong financial results for the financial year ended 30 June 2022, with business volume growth driving a 17% increase in underlying earnings. The company expects to remain within earnings consensus with normalised NPATA* of $61.3 million, (with statutory NPAT of $38.8 million after impairments) and normalised underlying NPATA* of $55.8 million. AFG confirms its dividend policy of paying 70% to 80% of normalised underlying NPATA* (ie. excluding the impact of trail book accounting) will remain unchanged.
News: AFG UPDATE 1-Australia's first neobank Volt to shut deposit taking business, return licence, page-38
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Last
$1.61 |
Change
0.010(0.63%) |
Mkt cap ! $434.5M | |||
| Open | High | Low | Value | Volume |
| $1.59 | $1.62 | $1.59 | $360.1K | 224.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15408 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.62 | 7408 | 2 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| AFG (ASX) Chart |