AFL 3.70% 14.0¢ af legal group ltd

Ann: Termination of proposed merger with GTC Legal Group, page-6

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  1. 997 Posts.
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    I think there's reasons to be optimistic from here:

    - balance sheet looking better now without the GTC debt burden, should enable resumption of share buybacks. At under $10m market cap, no debt, even spending $1m or $2m will take out 10%-20% of shares outstanding.
    - grant et al pushed out, should result in substantially lower management remuneration bill and clears way for shareholder aligned management
    - refocus on core business should see the company expand on what works for the company, e.g. the KPG style partnership model they did with Withnalls

    I bought more today at 13c.
 
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14.0¢ 14.0¢ 14.0¢ $3.807K 27.19K

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No. Vol. Price($)
1 79458 13.0¢
 

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Price($) Vol. No.
14.0¢ 79743 1
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