Update: Beating forecasts, potential equity issue
AFH is reporting strong organic and inorganic growth with a 30%+ increase in turnover FY15 on FY14. We have increased our FY15 revenue estimates by 4%, all of which is above expected organic growth. The company expects the FY15 results to be above market expectations. It also highlights that it is considering issuing further equity to take advantage of current market opportunities. We expect the latter to be measured and consistent with evolutionary rather than revolutionary acquisitions.AFH Financial Group is an independent financial adviser and investment manager. Co.'s segments include Financial Advice and Investment Management and Protection.
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