Small Cap Stocks Down Under 6 November 2020: Australian Finance Group, Fiducian Group, Shriro
Small Cap Stocks Down Under Edition #7
Australian Finance Group: Securitised and on the rise
In today's edition of Small Cap Stocks Down Under, headquartered in Perth, the Australian Finance Group encompasses 2,975 mortgage brokers nationwide per the end of June, allowing it to take full advantage of the low-interest rate mortgage boom. The company is a rather interesting case of an organisation getting its feet back under it following a continuous decline in net profit starting in FY18 due in no small part to the restructuring of its commissions scheme. Australian Finance seems the be on the rise and the way the Australian mortgage market is shaping up we are cautiously optimistic.
Also in today's edition, a look at fund manager the Fiducian Group (ASX: FID) and appliance retailer Shriro (ASX: SHM).
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Click here to read the previous edition of Small Cap Stocks Down Under published 30 October 2020