For those that are interested, I recently posted a writeup on AFL here: https://mispricedmicrocaps.substack.com/p/af-legal-limited-asxafl?r=1g8u49&s=w&utm_campaign=post&utm_medium=web
Thank you to @Book keeper96 for bringing this idea to my attention and for publicly sharing your thoughts on the company.
In summary, AFL is a buy for the following reasons:
(i) high quality business with excellent unit economics
(ii) long reinvestment runway
(iii) run by a highly incentivised CEO with a track record of executing
(iv) operating leverage emerging as the business scales
(v) low solvency and business risk
(vi) trades at a low multiple (<5x EV/NTM EBITDA, pre-G&A)
For those that are interested, I recently posted a writeup on...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $10.97M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 12.0¢ | $10.75K | 89.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 200679 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 72416 | 1 |
View Market Depth
| Last trade - 13.59pm 27/08/2025 (20 minute delay) ? |
| AFL (ASX) Chart |