AFG 2.84% $1.63 australian finance group ltd

research note on afgha, page-31

  1. 806 Posts.
    btw they will probably book HIT and AEP at NTA in the accounts rather than share price (assuming that the NTA is higher) as they'll argue that it's a long term investment which they don't intend to cash in any time soon.

    If they do this the losses booked will be smaller (but then I supposed the BS might be considered as not entirely accurate if you'd prefer to see the actual SP reflected instead - you might say the BS was a different type of BS altogether...)

 
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