Nice summary Joecar.
Two things to point out:
1) if Allco does go bust noteholders rank above shareholders for return of capital. in an extreme example noteholder could get 100% capital return and shareholders nothing.
2) BBSW is about 7.9% now so the rate for the next period should be about 10%. so a 66% yield on a purchase price of $15.
I think AFGHA is a considerably less risky than AFG and the rewards likely higher. If you are investing (and not day trading) I think AFGHA is the way to go.
quite big value in afgha, page-13
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Last
$1.43 |
Change
0.040(2.89%) |
Mkt cap ! $385.8M | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.43 | $1.38 | $1.476M | 1.056M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 9093 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 1180 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| AFG (ASX) Chart |