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AU1 - The Agency Group Australia

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Ausnet Financial Services Limited (AU1) was formerly known as Nambian Copper Limited (NCO).

Ausnet consists of a group of businesses which deliver finance broking, real estate services, settlement services, property management (2017), project marketing, insurance and financial planning initially to the Western Australian market with an aim to be rolled out nationally.

http://ausnetrealestateservices.com.au
 

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On December 19th, 2017, Ausnet Financial Services Limited changed its name to The Agency Group Australia Limited.
 
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Is this spin-off real estate company that arose after McGrath folded?

From their website:
About Ausnet
Ausnet consists of a group of successful businesses which deliver finance broking, real
estate services, settlement services, property management
(2017)
, project marketing,
insu
rance and financial planning initially to the Western Australian market with an aim to be
rolled out nationally.
This model has been created to
not only deliver profit but also build
the core asset being a
loan book currently at ~$1.1 billion
as well as other underlining assets such
as a rent roll, risk
insurance book and a general insurance book by cross referring clients between business
units. The largest growing referral area has been built on a highly successful and disruptive
real estate agency mode
l named “The Agency” which currently has more than
30 agents.
 
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Dona Ferentes

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greggles

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Not following this stock, but noticed that the share price was up almost 20% today. This is the reason:

AU1290721.png


Looking good. $5.7 million in cash with Group Revenue for the June quarter up 74% compared to the same quarter last year and unaudited EBITDA expected to exceed $4 million.
 
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