I think the 6bn in debt is pertinent. Whilst the most pressing issue to resolve is the senior debt, the rest of the debt will have a huge impact on AFG's ability to refinance the debt. If AFG had heaps of free cash flow then there is a good chance that the senior debt would already be re-financed. We know very little about the non-recourse debt - like is it fixed, what term it is on etc. and what impact is it having on AFG's earnings.
I think that regard this debt as a non-issue would be a mistake.
whats going on..., page-14
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Last
$1.38 |
Change
0.030(2.23%) |
Mkt cap ! $372.3M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.38 | $1.35 | $357.6K | 261.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3094 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 3284 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| AFG (ASX) Chart |