AFG 2.15% $1.66 australian finance group ltd

buyers are gone, page-14

  1. 119 Posts.
    I posted yesterday on what a poor reaction the market had to news I felt was fantastic .

    The company has NTA of 2.50 has reduced debt , commenced an asset sale, extended its facilities and has some fantastic business units yet it trades at 20% of nta , and a smidgen of the highs it had of $10 plus when in reality the only thing that has changed is that debt that was always there is now a threat where as previously debt was rewarded as a an indicator of gearing up assets for growth

    I agree however that we will see green close on AFG , as yesterdays reaction was as i posted poor and an indicationnthe accumulators were waiting for the traders to buy and then seel out today and tomorrow .

    Interesting to see the short positions relating to the stock , is therer anywhere you can et this info?
 
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