This is actually starting to look a bit better. AFG took security over APT's interest in SIF. That interest would look to be worth about $250m and the loan is only about $48m. Now APT would hardly invest in rubbish you'd think (given who owns it) so the assets in there might actually be worth something and in fact might actually fetch book value or more. Now what I'd really like to know is whether there is any debt already secured over that interest that ranks in preference to AFG's debt. I think the answer to that is no - which is good. But we will have a three way fight between NAB, BOSI and AFG.
So watch this space...
loan from afg to api, page-4
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Last
$1.42 |
Change
0.005(0.35%) |
Mkt cap ! $383.1M | |||
| Open | High | Low | Value | Volume |
| $1.41 | $1.45 | $1.41 | $1.174M | 820.7K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1926 | $1.42 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.42 | 748 | 1 |
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