Logique
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AFL - AF Legal Group
- Thread starter pancho
- Start date
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- 14 April 2011
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In the turmoil today NAV finished up 57% wtf - this stock has sure given me some wild rides.
Last week I purchased 140,000 options for $0.02 - looking forward to see what is going to happen with this.
Last week I purchased 140,000 options for $0.02 - looking forward to see what is going to happen with this.
Logique
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Now that is good business LC! Bet you'd like to see the April highs again, $0.20
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NAV up more today, at one point it was as high 54% on yesterday - currently trading at $0.05 - this is crazy
NAV in a trading halt at the end of the day with some serious speculation happening.. Nearly 10% of the market value was turned over with 134m shares traded with all the action after 3pm??
Don't think it will be too long before it returns to 2c with unless current holders are expecting gold to take off again.
Don't think it will be too long before it returns to 2c with unless current holders are expecting gold to take off again.
Logique
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ASX anns - price query and NAV's response. There doesn't seem to be any corporate activity or drilling results behind it. The volume yesterday was stupendous, and came late in the day. Suspended at .03
Weird. Perhaps a rumour, or good old p & d. Be interesting to see how it opens.
Weird. Perhaps a rumour, or good old p & d. Be interesting to see how it opens.
Re: NAV - Navigator
They had trouble meeting their budget after starting production in April 2010 so they
did a 7:2 renounceable rights issue at 2 cents a share. They used this money to pay down debt so now the balance sheet does not look too ugly.
This one will continue to be a high cost producer - so any downside pressure on the gold price will really hit the bottem line.
They might have turned the corner now, but I think there is so much better value elsewhere than this one at the moment.
They had trouble meeting their budget after starting production in April 2010 so they
did a 7:2 renounceable rights issue at 2 cents a share. They used this money to pay down debt so now the balance sheet does not look too ugly.
This one will continue to be a high cost producer - so any downside pressure on the gold price will really hit the bottem line.
They might have turned the corner now, but I think there is so much better value elsewhere than this one at the moment.
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Re: NAV - Navigator
IMO if I was to buy into this one it would be a small parcell to put into the bottom draw for a couple of years
But there are better options ATM to provide a much rosier upside
Regards
IMO if I was to buy into this one it would be a small parcell to put into the bottom draw for a couple of years
But there are better options ATM to provide a much rosier upside
Regards
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this stock is suspended
the company has seen fit to threaten legal action against people saying things that they deem defamatory against NAV
From HOTCOPPER MODS
Dear members,
Due to legal threats, all discussion on this stock has been suspended indefinitely.
We apologise for the inconvenience caused.
I have contacted ASIC about this company and they are investigating them
Now that NAV have threatened people with legal action the story is compelling
The share price has plummeted to 0.008 cents, it is suspended, upper management heads are rolling, the saga continues.
the company has seen fit to threaten legal action against people saying things that they deem defamatory against NAV
From HOTCOPPER MODS
Dear members,
Due to legal threats, all discussion on this stock has been suspended indefinitely.
We apologise for the inconvenience caused.
I have contacted ASIC about this company and they are investigating them
Now that NAV have threatened people with legal action the story is compelling
The share price has plummeted to 0.008 cents, it is suspended, upper management heads are rolling, the saga continues.
- Joined
- 1 August 2009
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- 58
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- 0
this stock is suspended
the company has seen fit to threaten legal action against people saying things that they deem defamatory against NAV
From HOTCOPPER MODS
Dear members,
Due to legal threats, all discussion on this stock has been suspended indefinitely.
We apologise for the inconvenience caused.
I have contacted ASIC about this company and they are investigating them
Now that NAV have threatened people with legal action the story is compelling
The share price has plummeted to 0.008 cents, it is suspended, upper management heads are rolling, the saga continues.
if you have any issue with NAV and would like to join the action then contact ASIC or you can make an e complaint online
Misconduct & Breach Reporting
Australian Securities & Investments Commission
Ph: (08) 9261 4280 | Fax: (08) 9261 4227 | Level 3, 66 St Georges Terrace, Perth WA 6000
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ALL comments on the forum have been deleted DYOR on NAV as everyone else is slowly being gagged
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Can you give us a clue what happened?
I did have these on my watchlist, but never jumped on board.
I did have these on my watchlist, but never jumped on board.
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On June 4th, 2019, Navigator Resources Limited (NAV) changed its name and ASX code to AL Legal Group Limited (AFL).
greggles
I'll be back!
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This company has done a 20 to 1 share consolidation prior to it recommencing trading on 7 June.
Here's what AF Legal Group is all about according to their announcement dated 6 June:
Here's what AF Legal Group is all about according to their announcement dated 6 June:
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Market isn't aware that AFL has changed hands and is now a rapidly growing legal firm and no longer a garbage-tier explorer.
Rapid and cheap growth is achieved through lateral hiring and new offices, and acquisitions of family law based firms. Each lateral hire costs $50-100k and brings in $1.5M-$2.5M in fees across an 18 month period. Will likely produce $11M revenue this year, up 250-300% YoY.
They're targeting 10% of a $1B market. As more offices and lateral hires come on board, margins will increase. They have a unique model for generating leads at a lower cost. And management have a strong history of organic growth with the COO heading Shine Lawyers previously.
Rapid and cheap growth is achieved through lateral hiring and new offices, and acquisitions of family law based firms. Each lateral hire costs $50-100k and brings in $1.5M-$2.5M in fees across an 18 month period. Will likely produce $11M revenue this year, up 250-300% YoY.
They're targeting 10% of a $1B market. As more offices and lateral hires come on board, margins will increase. They have a unique model for generating leads at a lower cost. And management have a strong history of organic growth with the COO heading Shine Lawyers previously.
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There will be multiple catalysts that will help re-rate AFL higher in the coming 12 months including quarterly market updates, expansion into new geographic localities (they are now present in every state in Australia excluding NT and TAS) via opening of new offices, recruitment of additional lawyers through lateral hiring and announcement of acquisitions (priced at 1.7x the 3-year average normalised EBITDA).
New offices and lateral hires will help drive an increase in profit margins due to synergies of front office marketing within the company as a whole, and also from shared back office costs including IT, admin and financing; thereby increasing profit margins and driving down costs.
FY21 includes new office expansions into Adelaide, Perth, North Melbourne and the Gold Coast and x7 new lateral hires. Canberra Stronglaw was acquired on October 1st 2020 and all unbilled work from this date is pushed into AFL's bottom line. A new referral program was also established with Slater and Gordon in November, who do not practice Family Law, however I am unsure what leads/revenue this will create for AFL.
50% revenue CAGR and 150% EBITDA CAGR from 2017-2020. Record high FY21 Q1 quarter and record monthly revenue and EBITDA in September of 2020.
AFL management has a history of being well above expectations and ahead of schedule. FY21 goals including presence in all states and territories, so expect new office openings or acquisitions in the Northern Territory and Tasmania within the next 6 months. It is likely there will be another x3 lateral hires, as part of their FY21 goals is one lateral hire per office, and they have 10 offices.
Management have been providing numerous updates so I am expecting within the first 6 months of 2021 to include:
New offices and lateral hires will help drive an increase in profit margins due to synergies of front office marketing within the company as a whole, and also from shared back office costs including IT, admin and financing; thereby increasing profit margins and driving down costs.
FY21 includes new office expansions into Adelaide, Perth, North Melbourne and the Gold Coast and x7 new lateral hires. Canberra Stronglaw was acquired on October 1st 2020 and all unbilled work from this date is pushed into AFL's bottom line. A new referral program was also established with Slater and Gordon in November, who do not practice Family Law, however I am unsure what leads/revenue this will create for AFL.
50% revenue CAGR and 150% EBITDA CAGR from 2017-2020. Record high FY21 Q1 quarter and record monthly revenue and EBITDA in September of 2020.
AFL management has a history of being well above expectations and ahead of schedule. FY21 goals including presence in all states and territories, so expect new office openings or acquisitions in the Northern Territory and Tasmania within the next 6 months. It is likely there will be another x3 lateral hires, as part of their FY21 goals is one lateral hire per office, and they have 10 offices.
Management have been providing numerous updates so I am expecting within the first 6 months of 2021 to include:
- FY21 Q2 update in mid-January
- FY21 half yearly results in late-February
- FY21 Q3 update in mid-April
- FY21 Q4 update in mid-July
- 2 expansions into NT and TAS
- x3 lateral hires
- Possible acquisitions
