1141 [Dow Jones] Allco (AFG.AU) in trading halt, with vague rumors of MBO circulating. Institutional trader says any MBO or takeover would need to be 2-3 times current price to remove negative sentiment and neutralize hedge fund shorts. But another trader says Allco's recent Rubicon purchase remains significant burden. "Rubicon Europe invested in mezzanine debt in Europe. British Land just took a massive writedown on the value of its assets. Europe is not even in recession yet but looks like it might be headed the same way as the U.S. It's not going to be pretty." Rubicon America Trust (RAT.AU) down 15% at 30 cents. Rubicon Europe Trust (REU.AU) down 13.9% at 28 cents. AFG last A$3.05. (DWR)
trading halt, page-27
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Last
$1.38 |
Change
-0.010(0.72%) |
Mkt cap ! $373.6M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.38 | $398.2K | 285.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12254 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 15493 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AFG (ASX) Chart |