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$1.44 australian finance group ltd

what's going on?, page-4

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jamber

3,106 Posts.

31

07/12/22

16:08

Post #: 65201410
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Originally posted by afterlife ↑

Maybe some investors took the latest Trading update by the CEO on board and decided to reduce exposure

This is only a portion copy of the Trading update :

" We saw residential lending volumes decline in the last quarter of the 2022 financial year, and the AFG Index
data for the first quarter of FY23 indicated that this trend has continued. Q1 FY23 volumes are 52% above
Q1 FY19 – being pre-stimulus – but activity has been impacted with AFG residential lodgements in October,
24% below the prior year at $7 billion. AFG Home Loans lodgements were down 42%, including AFG Securities
down 60%. This was driven by fierce competition from the major lenders underpinned by unprecedented
levels of cashback offers.
November trading is performing better but still 16% below the equivalent period in November 2021."

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Not worth the risk at the moment.

AFG Price at posting: $1.53 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $1.44		Change 0.005(0.35%)		Mkt cap ! $388.5M

Open	High	Low	Value	Volume
$1.43	$1.45	$1.41	$575.5K	402.7K

Buyers (Bids)

No.	Vol.	Price($)
1	2066	$1.43

Sellers (Offers)

Price($)	Vol.	No.
$1.45	2066	1

View Market Depth

No.	Vol.	Price($)
1	2066	1.430
1	2066	1.425
1	3085	1.410
2	20355	1.405
13	43130	1.400

Price($)	Vol.	No.
1.445	2066	1
1.450	2066	1
1.480	4135	1
1.490	10480	2
1.495	19100	3

Last trade - 16.10pm 21/05/2024 (20 minute delay)


Last $1.44			Change 0.005 ( 0.53 %)
Open	High		Low	Volume
$1.42	$1.45		$1.41	71471
Last updated 15.55pm 21/05/2024 ?

AFG (ASX) Chart

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