I doubt whether this will make a lot of difference to AFG. A small stake in the scheme of things.
If people sell because of this this announcement re VOLT, take a look at below and re-think.
In all seriousness, the SP shoudnt be this low
Extract from Half year:
Reported NPAT of $30 million, an increase of 20%
• AFG Securities settlements up 192% to $1.3 billion
• AFG Securities loan book up 36% to $4 billion
• Residential settlements up 47% to $30.8 billion
• AFG Home Loans settlements up 90% to $2.8 billion
• Commercial settlements up 83% to $1.8 billion
• Our capital light, robust balance sheet is maintained with $225 million in net cash and other
financial assets
• Return on equity of 29%
• EPS growth of 20%
• Interim dividend 7c per share, generating an annualised yield of 6%
• Key acquisitions to build diversified scale and support broker opportunities and efficiency
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