Recent content by Stonkytonk

I really don't understand how this is on a stupid multiple and I believe you're being blinded by price/earnings ratio. AFL is $26M EV therefore LTM EV/EBITDA is 8x, assuming a 50% EBITDA profit margin as per their normal operations, the NTM EV/EBITDA is 3.5x. LTM P/S is 4x, while yes this isn't...

From memory, SGH made an absolute shocker of an acquisition in the UK, using borrowed money, and wrote it off as nearly a $1B loss. https://www.smh.com.au/lifestyle/the-undoing-of-slater-and-gordon-20160613-gphmej.html So far this is very different story. And they have proven that they can...

Whether or not it will be a good fit will be seen come reporting time for shareholders, however one for thing for certain is that this will be acquired cheaply. Hopefully there will be similar Rev/EBITDA/FCF margins and will scale well. I trust Grant, Ed and other management's judgement on the...

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02352509-6A1024101?access_token=83ff96335c2d45a094df02a206a39ff4 AFL to acquire Watts McCray. Has 5 locations across Greater Sydney and the ACT which have historically been AF Legal's strongest growth districts...

Going with AFL going into HY reporting period in Feb. Posted a few comments on it previously

Things to like about AFL: Company is small with low traded volume and low institutional coverage (DMX Assets is one institution who holds; coverage here: https://www.dmxam.com.au/files/DMXCP November 2020 Update to Investors.pdf and https://www.dmxam.com.au/files/DMXCP October 2020 Investor...

There will be multiple catalysts that will help re-rate AFL higher in the coming 12 months including quarterly market updates, expansion into new geographic localities (they are now present in every state in Australia excluding NT and TAS) via opening of new offices, recruitment of additional...

Replace SP3 with SXE

Market isn't aware that AFL has changed hands and is now a rapidly growing legal firm and no longer a garbage-tier explorer. Rapid and cheap growth is achieved through lateral hiring and new offices, and acquisitions of family law based firms. Each lateral hire costs $50-100k and brings in...

Interesting to see a lot of "meme" stocks, those popular on HC and ASX_Bets being picked. A lot of mineral and exploration lotto tickets being selected as the best picks too. Recurring theme seems to be meme stocks with multi-hundred million dollar evaluations and no profit with minimal future...