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David Bailey says the acquisition of Connective offers the opportunity to grow scale in asset finance.

AFG set to buy rival for $120m

Australian Finance Group has signed a binding agreement to acquire Melbourne-based Connective Group in a cash-and-scrip deal worth around $120 million that will create an entity with over 6,575 brokers.

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Share Price

Closing price for the last 90 trading days
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BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Top 10 Shareholders

Substantial shareholders as published in the annual report.
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Total Shareholder Return as at 31/12/19

1 year TSR5 year TSR
67thAustralian Finance Group125%
287thMACA18%12%
520thSRG Global-16%-2%
583rdDecmil-27%-16%
668 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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Share Transactions

27/11/19
$15.1m Sold
27/11/19
$12.6m Sold
23/08/19
$0 Bought
Total value as at the date of the transaction
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Revenue

9th↑MACA$690.7m
10th↑Decmil$663.3m
11th↓Australian Finance Group$608.0m
12th↑Vietnam Industrial Investments$555.1m
13th↑SRG Global$493.1m
199 listed industrial companies ranked by revenue.
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