Rewind
AFG has a much more fundamental problem, told by the following figures
HISTORICAL FINANCIALS (via Comsec)
Balance date 6/02 6/03 6/04 6/05 6/06 6/07
Long term debt 114 -- 78 339 630 5,921 $M
From 6/06 to 6/07, long term debt blew out from $630M to $5,921M – hypergrowth.
The AFG management thought the financial party would just keep on going.
They were wrong.
This is pretty much the story across the AFG empire – Rubicons, RRT …
It is much more fundamental than just a single condition on a single loan.
Still, my feeling is that AFGHA is good risk/return. I’m thinking that the chances are pretty good of at least next 3 or 4 coupons being paid, and covering my entry cost, so relatively little down side, with huge upside. Of course, the market doesn’t agree with me or it wouldn’t be so cheap.
People just have to be prepared to wait a bit.
I recon, if/when the November coupon is paid, you and I should buy each other a drink.
(Holding AFGHA not AFG)
- Forums
- ASX - By Stock
- AFG
- ann out
ann out, page-19
-
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AFG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.66 |
Change
0.035(2.15%) |
Mkt cap ! $449.4M |
Open | High | Low | Value | Volume |
$1.63 | $1.66 | $1.63 | $208.9K | 127.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5873 | $1.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.66 | 3386 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5873 | 1.650 |
1 | 622 | 1.645 |
1 | 622 | 1.640 |
3 | 1932 | 1.635 |
1 | 622 | 1.630 |
Price($) | Vol. | No. |
---|---|---|
1.675 | 825 | 1 |
1.680 | 23202 | 5 |
1.685 | 5766 | 2 |
1.690 | 5863 | 4 |
1.695 | 766 | 1 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
Featured News
AFG (ASX) Chart |