| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
Notification of cessation of securities - AFL
|
2 Sep 2024 10:56AM |
$0.150 |
$0.165 |
risen by
10%
|
|
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
AFL Change of Share Registry
|
30 Aug 2024 3:00PM |
$0.165 |
$0.165 |
fallen by
0%
|
|
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
AFL FY24 Investor Presentation
|
30 Aug 2024 9:09AM |
$0.130 |
$0.165 |
risen by
26.92%
|
|
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
AFL FY24 Results Summary
|
30 Aug 2024 9:03AM |
$0.130 |
$0.165 |
risen by
26.92%
|
|
AFL - Price-sensitive ASX Announcement
Full Release
Key Points
- AF Legal Group Ltd achieved highest ever revenue of $21.7 million for FY24
- Normalized NPBT attributable to owners reached $0.8 million
- Acquisition of Armstrong Contested Wills & Estates in April 2024
- Opened five new leased offices and two new serviced office locations
- Successful capital raising of $1.9 million
- Extension of NAB finance facility to January 2027
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
Appendix 4G & Corporate Governance Statement
|
30 Aug 2024 9:01AM |
$0.130 |
$0.165 |
risen by
26.92%
|
|
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
Appendix 4E & Annual Report to Shareholders
|
30 Aug 2024 8:58AM |
$0.130 |
$0.165 |
risen by
26.92%
|
|
AFL - Price-sensitive ASX Announcement
Full Release
Key Points
- AF Legal Group Ltd delivered its highest ever revenue of $21.7 million in 2024.
- The net profit after tax attributable to the owners of AF Legal Group Ltd for the financial year ended 30 June 2024 was $1.0 million.
- The company experienced a significant turnaround from a loss of $8.1 million in 2023 to a profit in 2024.
- The acquisition of Armstrong Contested Wills & Estates in April 2024 contributed positively to the company's revenue and profitability.
- AF Legal Group Ltd's net assets increased to $10.0 million in 2024 from $7.0 million in 2023.
- The company opened new offices in various locations including Bayside & Gold Coast in QLD, Joondalup in WA, Canberra in ACT, and Illawarra in NSW.
- The annual general meeting is scheduled for Friday, 15 November 2024.
- The company paid dividends to shareholders of Withnall Cavanagh & Co Pty Ltd during the year.
- The financial statements were audited by PKF Brisbane Audit, which confirmed compliance with the Corporations Act 2001.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
Change of Registered Office
|
3 Jul 2024 9:27AM |
n/a |
$0.165 |
n/a
|
|
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
Becoming a substantial holder
|
2 Jul 2024 1:03PM |
$0.130 |
$0.165 |
risen by
26.92%
|
|
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
Appointment and Resignation of Company Secretary
|
11 Jun 2024 9:01AM |
$0.140 |
$0.165 |
risen by
17.86%
|
|
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
Q3 FY24 - Quarterly Update
|
8 May 2024 9:01AM |
$0.155 |
$0.165 |
risen by
6.45%
|
|
AFL - Price-sensitive ASX Announcement
Full Release
Key Points
- Group revenue increased by 5% quarter-on-quarter to $5.47 million in Q3 FY24.
- EBITDA for Q3 FY24 was $0.92 million, up 46% from the previous quarter.
- Steady growth in new case files and improvements in lawyer productivity and utilisation.
- Positive cash flow from operations with a closing cash balance of $3.85 million.
- Continued focus on organic growth, operational efficiency, and digital transformation.
- Investment in digital strategy has led to increased market enquiries and improved conversion rates.
- State office performance varied, with most states delivering strong contributions.
- Ongoing on-market share buyback program supports shareholder value.
- Management maintains guidance for continued disciplined growth and operational improvements.
- No material debt, maintaining a strong balance sheet.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
Becoming a substantial holder
|
8 Apr 2024 9:46AM |
$0.155 |
$0.165 |
risen by
6.45%
|
|
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
Completion of Acquisition
|
3 Apr 2024 9:58AM |
$0.165 |
$0.165 |
fallen by
0%
|
|
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
Change in substantial holding
|
3 Apr 2024 9:07AM |
$0.165 |
$0.165 |
fallen by
0%
|
|
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
Change of Director's Interest Notice - Peter Johns
|
3 Apr 2024 9:01AM |
$0.165 |
$0.165 |
fallen by
0%
|
|
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
Application for quotation of securities - AFL
|
28 Mar 2024 9:12AM |
$0.165 |
$0.165 |
fallen by
0%
|
|
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
Application for quotation of securities - AFL
|
26 Mar 2024 9:21AM |
$0.150 |
$0.165 |
risen by
10%
|
|
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
AFL Entitlement Offer Results
|
26 Mar 2024 9:18AM |
$0.150 |
$0.165 |
risen by
10%
|
|
AFL - Price-sensitive ASX Announcement
Full Release
Key Points
- AF Legal Group Ltd completed a non-renounceable entitlement offer.
- The offer was for 1 share for every 3 held at $0.11 per share.
- Up to $3.526 million was targeted to be raised.
- Applications received for 21,185,141 shares, raising $2.33 million.
- Shortfall of 10,713,646 shares ($1.18 million) remains.
- Shortfall shares may be placed at Board's discretion within three months.
- New shares issued on 14 June 2024, trading commences 17 June 2024.
- Board thanked shareholders for their continued support.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
AFL Entitlement Offer Opens
|
11 Mar 2024 8:22AM |
$0.150 |
$0.165 |
risen by
10%
|
|
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
Investor call - HY results, acquisition & Entitlement Offer
|
1 Mar 2024 9:12AM |
$0.180 |
$0.165 |
fallen by
8.33%
|
|
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
Cleansing Notice
|
29 Feb 2024 7:05PM |
$0.180 |
$0.165 |
fallen by
8.33%
|
|
AFL - Price-sensitive ASX Announcement
Full Release
Key Points
- AF Legal Group Ltd issued a Cleansing Notice on 19 June 2023.
- The notice is pursuant to section 708A(5)(e) of the Corporations Act 2001.
- The company has issued fully paid ordinary shares without a disclosure document.
- AF Legal Group Ltd confirms compliance with continuous disclosure obligations under ASX Listing Rules and sections 674 and 675 of the Corporations Act.
- As of the notice date, there is no excluded information relevant to investors.
- The notice is signed by Company Secretary Patrick Johnson.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
Proposed issue of securities - AFL
|
29 Feb 2024 7:05PM |
$0.180 |
$0.165 |
fallen by
8.33%
|
|
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
Acquisition & Entitlement Offer - Investor Presentation
|
29 Feb 2024 7:04PM |
$0.180 |
$0.165 |
fallen by
8.33%
|
|
AFL - Price-sensitive ASX Announcement
Full Release
Key Points
- AFL is acquiring Armstrong Legal to create one of Australia's largest family law practices.
- The acquisition is to be funded by a fully underwritten 1-for-1 non-renounceable entitlement offer raising $7.75 million.
- The acquisition provides operational and financial synergies and is expected to be EPS accretive.
- The combined group will have a strong national footprint and be positioned as a market leader.
- Significant shareholders and board members have committed to participate in the entitlement offer.
- AFL's strategy is focused on growth through acquisition, technology enablement, and integration of complementary services.
- Post-acquisition, the group targets improved revenue, profitability, and shareholder value.
- Integration and synergy realization plans are outlined to maximize value from the acquisition.
- The presentation includes pro forma financials demonstrating the combined group's enhanced scale.
- AFL aims to be a leading, technology-enabled legal services provider in Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
Acquisition and $2.95 million Entitlement offer
|
29 Feb 2024 7:04PM |
$0.180 |
$0.165 |
fallen by
8.33%
|
|
AFL - Price-sensitive ASX Announcement
Full Release
Key Points
- AF Legal Group Ltd is acquiring Armstrong Legal, a national law firm.
- The acquisition will expand AFL's national presence and service offering.
- AFL will raise approximately $2.95 million via a fully underwritten non-renounceable entitlement offer.
- The entitlement offer is priced at $0.135 per share with a ratio of 1 new share for every 7.4 shares held.
- Funds will be used for the acquisition, integration, and growth initiatives.
- The acquisition is expected to be earnings accretive.
- The offer is fully underwritten by Canaccord Genuity (Australia) Limited.
- The transaction is in line with AFL's strategic growth plans.
- The entitlement offer strengthens AFL's balance sheet and supports future growth.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
H1 FY24 Results - Investor Presentation
|
29 Feb 2024 10:30AM |
$0.180 |
$0.165 |
fallen by
8.33%
|
|
AFL - Price-sensitive ASX Announcement
Full Release
Key Points
- AF Legal Group Ltd (AFL) announced its H1 FY24 financial results with revenue growth and improved EBITDA.
- Operational highlights included enhanced staff performance, expansion into new service areas, and improved internal processes.
- AFL invested in technology to drive business efficiencies and improve client service delivery.
- The firm remains focused on organic growth and strategic acquisitions to expand its national presence.
- Economic uncertainty has influenced client demand and staff retention, but AFL has implemented strategies to address these challenges.
- Continued focus on cost management, operational discipline, and capital allocation to deliver shareholder value.
- AFL plans to further leverage technology and refine its service model for sustained business performance.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
| AF Legal Group Ltd (AFL) ORDINARY FULLY PAID |
Industrials |
$15 |
H1 FY24 Results Summary
|
29 Feb 2024 10:13AM |
$0.180 |
$0.165 |
fallen by
8.33%
|
|
AFL - Price-sensitive ASX Announcement
Full Release
Key Points
- AFL reported statutory EBITDA profit of $0.5 million for H1 FY24 versus a loss in the previous period.
- Revenue for the half was $13.4 million, a 2% decrease year-on-year.
- EBITDA margin improved to 4.0%, up from a negative margin previously, reflecting cost control measures.
- AFL had positive operating cash flow and closed the period with $1.8 million in cash and no debt.
- The company streamlined its workforce, enhancing operational efficiency and reducing costs.
- Investment in digital marketing and brand awareness continued to position AFL for long-term growth.
- A national mediation panel was launched, adding a new revenue stream.
- AFL has launched a new Conveyancing business in Queensland.
- The company expects an improved earnings profile in H2 FY24 and continues to focus on sustainable profitability.
- Market conditions remain challenging but AFL is confident in its strategy and outlook.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should
refer to the full announcement here for further information.
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