Biggest disappointment is the reduction in the payout ratio.
DPS consensus for FY24 has been slashed from 12.2c earlier in the year to 8.2c, & depending on the NIM that could still be overstated.
I see AFG as a strong long term business that benefited hugely from COVID which has unwound at the same time conditions have got more competitive.
Clearly I timed my purchase too early but 7% gross for FY24 is still pretty good for a secure, growing business.
Biggest disappointment is the reduction in the payout ratio.DPS...
Add AFG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.44 |
Change
-0.030(2.04%) |
Mkt cap ! $389.9M | |||
| Open | High | Low | Value | Volume |
| $1.47 | $1.47 | $1.44 | $297.7K | 205.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18988 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 1997 | 1 |
View Market Depth
| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.44 |
Change
-0.030 ( 1.91 %) |
||||
| Open | High | Low | Volume | ||
| $1.47 | $1.47 | $1.44 | 61796 | ||
| Last updated 15.59pm 13/05/2024 ? | |||||
| AFG (ASX) Chart |