Australian Finance Group marked a significant shift in its business during the December half, when for the first time the majority of its earnings were generated from parts of its business other than its traditional aggregation business.
AFG adds specialist lender to lender panel
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Sarah Buckley
Sarah Buckley
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The aggregation group has appointed a specialist lender to its asset finance panel, making more products available to its broker members.
Australian Finance Group (AFG) has welcomed trail book lender TrailBlazer Finance to its asset finance lender panel.
The addition will provide AFG brokers and their white-collar clients with access to the lender’s funding products and advice, which is specifically created for those with recurring revenue streams, such as brokers, financial planners, accountants, real estate managers and other cash flow businesses.
According to TrailBlazer Finance’s managing director, Jeff Zulman, its offering is distinct in that it unlocks the value of intangibles to which lenders ordinarily give little or no value, specifically benefiting white-collar professionals who are typically hard asset light but have built strong recurring revenue streams.
Small cap investors wary on tech in 2021
They re looking outside the tech sector for returns, particularly stocks likely to perform well as people return to normal life.
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Small cap investors are looking outside the tech sector for returns in 2021, predicting the strong rally across the last few years will finally come to an end as the economic recovery dominates market action.
1851 Capital s Martin Hickson.
Christopher Pearce We’ve been avoiding a lot of the high growth tech stocks. Many have low levels of revenue, no profit for the next five years and we think the sector will come under pressure. There s not a lot of valuation support there, says 1851 Capital portfolio manager Martin Hickson.
ThinkLearning:
3 Sectors to Watch in 2021 webinar on Wednesday 13 January, it is perhaps an opportune time to take a closer look at each of the major sectors within the Australian Market.
The Global Industry Classification Standard or GICS is the typical method for classifying stocks into groups which best define their business. There are 11 main GICS sectors for the Australian market and many sub-sectors to these. Each main sector has a corresponding index which aggregates the performance of the stocks within the sector, much like the S&P ASX 200 does for the 200 largest capitalisation stocks listed on the ASX. Also, like the S&P ASX 200 (XJO), each as a corresponding ticker code so investors can check the price of the index on the ASX website or with their preferred data provider.