Australian Finance Group Ltd traded at 2.05 this Tuesday February 3rd, decreasing 0.05 or 2.38 percent since the previous trading session. Looking back, over the last four weeks, Australian Finance lost 5.09 percent. Over the last 12 months, its price rose by 23.87 percent. Looking ahead, we forecast Australian Finance Group Ltd to be priced at 2.02 by the end of this quarter and at 1.90 in one year, according to Trading Economics global macro models projections and analysts expectations.
Australian Finance Group Limited is an Australia-based mortgage broking and financial solutions company. The Company’s principal activities include mortgage origination and lending. The Company’s segments include distribution, manufacturing, and central. The distribution segment refers to the core aggregation services through AFG and Fintelligence in which these entities act as a mortgage broker that provides its contracted brokers with administrative and infrastructure support as well as access to a panel of lenders. It also includes White Label AFG Home Loans Commissions. The manufacturing segment refers to AFG Securities mortgages (Securitized loans issued by AFG Securities Pty Ltd) that are distributed through the Company’s broker network. The manufacturing segment also includes AFG’s investment in Thinktank (commercial and residential). Its products include Suite360 Platform, Commercial and Business Broking, Analytics and Business Data and SMART Marketing Platform.