Extract below from market release, 26th. August. Seams some investors see AFG prospects not as rosy as this investor does. Grossed up annual yield of 12% with healthy prospects going forward look attractive imo. DYOR
"While the expectation may be that lending volumes may moderate in the short term, lender activity is high, with all
lenders aggressively chasing market share. The residential mortgage market has historically performed strongly
during periods of rising interest rates, and AFG's volumes have outperformed the overall market. Underpinning this,
in the current rate cycle, are approximately $36 billion of fixed rate residential mortgages in the AFG loan book that
are due to expire over the next three years. Their refinancing will continue to drive settlements in the market and
provides a significant growth opportunity for AFG Securities to continue building its loan book."
Extract below from market release, 26th. August. Seams some...
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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 |
View Market Depth
| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| AFG (ASX) Chart |