Macquarie summary courtesy of FNArena
Australian Finance Group's total residential lending volumes fell sharply in the September quarter (-10.7%), downward momentum accelerating into October (-24%) and November (-16%), as lending competition intensified.
Margins also took a hit and Macquarie cuts net interest margin and securitisation settlement forecasts accordingly.
EPS forecasts fall -12.7% in FY23; -6.9% in FY24; and -6% in FY25.
Macquarie downgrades its rating to Neutral from Outperform. Target price falls to $1.81 from $2.09.
FORECAST
Macquarie forecasts a full year FY23 dividend of 14.40 cents and EPS of 18.00 cents.
Macquarie forecasts a full year FY24 dividend of 15.70 cents and EPS of 20.30 cents.
Cheers Westwind
Macquarie summary courtesy of FNArena Australian Finance Group's...
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Last
$1.50 |
Change
0.015(1.01%) |
Mkt cap ! $404.8M | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.51 | $1.48 | $70.02K | 46.90K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 175 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 5876 | 11 |
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| Last trade - 11.33am 02/05/2024 (20 minute delay) ? |
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Last
$1.49 |
Change
0.015 ( 0.65 %) |
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| Open | High | Low | Volume | ||
| $1.49 | $1.50 | $1.48 | 3885 | ||
| Last updated 11.58am 02/05/2024 ? | |||||
| AFG (ASX) Chart |