AFL

7.41%

12.5¢ af legal group ltd

Grant is a perfect case of why you don’t put the lead singer...

First 26 Last

Share
Profile

Follow
bigmac2013

51 Posts.

19

22/11/22

19:31

Post #: 64925838
Share

Originally posted by dropside: ↑

I doubt the share price would have an effect on bank covenants, the loan is to buy GTC, the value of which is unaffected by the AFL pre-merger market cap. It does signal that shareholders don't have confidence in AFL nor its merger with GTC but the bank will already have made their own assessments of the stability of each. IMHO though!
I am puzzled by what is happening with Grant. He has a legal background, true, but also accountancy and business so why has he taken what appears to be a step backwards? And why is Rick Dennis leading the merger operationally when Grant is the one with deep knowledge of the business? The most likely conclusion is that this is a step towards the door, and as some have said on here, this is really a RTO. In that case someone from GTC, or appointed by them, will take over to lead the business.
That is all logical but that leaves a bit of a vacuum at the top right now and I don't think that is helping the face-off to the market and the share price. Grant was a good communicator but is no longer a director and therefore can no longer represent the company eg answer shareholder letters and present, no more than Stace Boardman can. Rick Dennis may step up to do this but based on the AGM he does tend to see shareholder questions as things to be batted off rather than getting on the front foot and giving confidence. AFL need to hurry and find someone to be the public face and not just wait until next year when the merger has happened.

Expand

Grant is a perfect case of why you don’t put the lead singer into the band manager role.

This share price & mess is what the night after a big gig looks like. At least some are still pocketing coin.

https://www.copyright link/rear-window/af-legal-divorces-itself-from-reality-20221122-p5c09p

AFL Price at posting: 13.5¢ Sentiment: Sell Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

IMA

Issues emerging as Australian companies tackle critical minerals challenge

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Tonight's US CPI data could set the tone for November. What are markets expecting?

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

ARB

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

OCT

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

ARV

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

There are more pages in this discussion • 11 more messages in this thread...

First 26 Last

Add AFL (ASX) to my watchlist

(20min delay)
Last 12.5¢		Change -0.010(7.41%)		Mkt cap ! $11.41M

Open	High	Low	Value	Volume
13.5¢	13.5¢	12.5¢	$34.12K	264.1K

Buyers (Bids)

No.	Vol.	Price($)
2	23216	12.5¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	50000	1

View Market Depth

No.	Vol.	Price($)
1	14760	0.125
2	44000	0.120
3	60091	0.110
2	22262	0.105
1	30000	0.100

Price($)	Vol.	No.
0.135	50000	1
0.140	75000	1
0.145	5000	1
0.150	329744	5
0.155	260215	2

Last trade - 12.32pm 11/10/2024 (20 minute delay)

AFL (ASX) Chart

Grant is a perfect case of why you don’t put the lead singer...

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Issues emerging as Australian companies tackle critical minerals challenge

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Tonight's US CPI data could set the tone for November. What are markets expecting?

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Grant is a perfect case of why you don’t put the lead singer...

Top Stories

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Issues emerging as Australian companies tackle critical minerals challenge

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Tonight's US CPI data could set the tone for November. What are markets expecting?

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News