EyesOfAChild,
You're right - I was being a bit simplistic. AFG overstretched - the powerstation deal was the one that broke the camel's back - and are paying the price. However, I still think the clause on the 900m is central to most things. If that had not been activated AFG would be in control of the restructuring rather than the banks and that would probably be better for shareholders / noteholders.
Bear in mind a lot of the long term debt will be secured against assets and will be repaid when they are sold and also I suspect most of the long term debt is at relatively cheap rates.
So not all good but not all bad either. Defo worth a drink in November!
- Forums
- ASX - By Stock
- AFG
- ann out
ann out, page-22
-
- There are more pages in this discussion • 16 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
|
|||||
Last
$1.60 |
Change
0.010(0.63%) |
Mkt cap ! $431.8M |
Open | High | Low | Value | Volume |
$1.59 | $1.61 | $1.59 | $351.0K | 219.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2516 | $1.59 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.60 | 713 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2516 | 1.590 |
4 | 3509 | 1.585 |
1 | 947 | 1.580 |
1 | 947 | 1.575 |
2 | 1215 | 1.570 |
Price($) | Vol. | No. |
---|---|---|
1.595 | 713 | 1 |
1.600 | 16691 | 3 |
1.605 | 2516 | 1 |
1.610 | 6500 | 3 |
1.615 | 947 | 1 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
Featured News
AFG (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online