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$1.17 abacus group

very very different to COF.COF pays fees upwards to the fund...

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noomxx

7,192 Posts.

1062

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 0.030(2.63%)		Mkt cap ! $1.045B

Open	High	Low	Value	Volume
$1.15	$1.17	$1.15	$714.8K	615.0K

Buyers (Bids)

No.	Vol.	Price($)
2	10646	$1.16

Sellers (Offers)

Price($)	Vol.	No.
$1.17	499	1

View Market Depth

No.	Vol.	Price($)
2	10646	1.160
1	3146	1.155
4	19208	1.150
2	6900	1.140
1	4366	1.135

Price($)	Vol.	No.
1.170	499	1
1.175	10946	2
1.180	24826	4
1.185	18382	3
1.195	20369	2

Last trade - 16.10pm 16/05/2024 (20 minute delay)


Last $1.17			Change 0.030 ( 2.48 %)
Open	High		Low	Volume
$1.15	$1.17		$1.15	266087
Last updated 15.59pm 16/05/2024 ?

ABG (ASX) Chart