Biggest disappointment is the reduction in the payout ratio.
DPS consensus for FY24 has been slashed from 12.2c earlier in the year to 8.2c, & depending on the NIM that could still be overstated.
I see AFG as a strong long term business that benefited hugely from COVID which has unwound at the same time conditions have got more competitive.
Clearly I timed my purchase too early but 7% gross for FY24 is still pretty good for a secure, growing business.
what's going on?, page-40
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Last
$1.41 |
Change
-0.015(1.05%) |
Mkt cap ! $381.7M | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.43 | $1.41 | $343.4K | 242.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 18682 | $1.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.42 | 609 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| AFG (ASX) Chart |