It is a case of the banks being in control. If they call in the 900m AFG goes under and AFG knows that - so the banks are calling the shots. That's why the margin went up and that's why there is no long term extension.
I would imagine that the banks will negotiate themselves into the best position possible without sending AFG under.
ann out, page-8
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Last
$1.61 |
Change
0.000(0.00%) |
Mkt cap ! $434.5M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.61 | $1.58 | $104.7K | 65.78K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 818 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.61 | 5094 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| AFG (ASX) Chart |