Their core business is in leasing and it is a very good business.
Currently AFG are capitalised at only $128m. If they get a good price for their wind assets I can see the shares rebounding very strongly from here, however the more time they have to sell the better the price will be.
RAT have managed to swing a deal to avoid margin calls for 12 months whilst they arrange asset sales to solve their liquidity problems. If AFG can work the same type of deal that will buy them the time to sell assets at the right price.
They are really at the mercy of the banks but I don't think it is the banks interest to send them to the wall. If AFG are able to announce a deal like the one that RAT announced today then the price will jump sharply imo. Could we see this type of announcement next week?
Von.
wind power, page-10
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Last
$1.48 |
Change
-0.030(1.99%) |
Mkt cap ! $402.0M | |||
| Open | High | Low | Value | Volume |
| $1.47 | $1.49 | $1.47 | $517.5K | 349.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 263 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 2969 | 1 |
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| Last trade - 15.59pm 05/08/2024 (20 minute delay) ? |
| AFG (ASX) Chart |