Investors pick on the wrong AFG
Cranky investors in troubled Allco Finance Group have been taking out their frustrations on the wrong company. Allco's share price has lost more than $6 to 47 cents this year but some of the fall-out is being directed at Australian Finance Group. An internet search for AFG will turn up results for the finance company well ahead of any reference to Allco. Staff at the Australian Finance Group offices have been subjected to abusive phone calls and letters, air being let out of the tyres of company cars and even a hoax anthrax attack. Tim Allerton of City Public Relations, spokesman for Allco Finance Group, said that the company had not received any threatening letters or phone calls and had not been contacted by AFG.
Source: Sydney Morning Herald