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$1.17 abacus group

Ann: HY24 Results Presentation, page-8

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noomxx

7,236 Posts.

1065

01/03/24

23:05

Post #: 72706368
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Originally posted by volf: ↑

Hi Noomx, holding at the headco does not mean free cashflow is any better.

Similar to COF, they are paying out nearly all of FFO but this number does not even close to resemble free cash flow because incentives are so huge. This means your distribution is partly return of capital through disposal of assets/increase in debt.

The assets in ABG are generally very good (compared to COF which are poor), however I am not excited by ABG mostly because management are empire builders, poor allocators and remuneration is insane plus their free cash flow generation is poor.

Discount to NTA or not, ABG cannot be held long term for this reason.

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very very different to COF.
COF pays fees upwards to the fund manager.
ABG collects fees, it is the fund manager.

ABG Price at posting: $1.12 Sentiment: None Disclosure: Held
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(20min delay)
Last $1.17		Change 0.000(0.00%)		Mkt cap ! $1.045B

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	6000	$1.17

Sellers (Offers)

Price($)	Vol.	No.
$1.18	12000	3

View Market Depth

No.	Vol.	Price($)
1	6000	1.170
1	862	1.160
3	18800	1.150
1	357525	1.140
7	63972	1.120

Price($)	Vol.	No.
1.180	12000	3
1.195	20369	2
1.200	66194	4
1.205	18700	2
1.210	33729	4

Last trade - 09.26am 06/06/2024 (20 minute delay)


Last $1.17			Change 0.000 ( 0.33 %)
Open	High		Low	Volume
$1.17	$1.17		$1.17	609
Last updated 10.01am 06/06/2024 ?

ABG (ASX) Chart

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