AFG 2.84% $1.63 australian finance group ltd

The 1.5bn is the goodwill and management rights being written...

  1. 806 Posts.
    The 1.5bn is the goodwill and management rights being written off. I am not too worried about that.

    Any write offs above and beyond would be worrying. However, some of those will be offset against other profits e.g. Techapi wind farm sale.

    I share your concerns about Allco but personally think you are too much on the downside. I think the fact that banks agreed to the re-finance means that AFG is in OK (but not excellent) health.
 
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