The leasing business is a good one but has quite a lot of funding exposure in the busted money market environment. The winners in this environment will be the ones with cash and courage. Two out of three of the Rubicon assets are dodgy. Falling prices in the asset sectors they are in both in US and Europe and rising interest rates to fund them, very highly geared. Train smash coming still for Rubicon America and Europe holders? What on earth prompted AFG to take this lead balloon on with the stormclouds gathering? Mates? Only Rubicon Japan looks interesting- if they are getting money at Japanese wholesale rates (about 2%) they are geared about 65% and prices are rising a bit-last time looked they were...could be a gem in the muck. But still a 16% yield. This one may well survive the storm.
im in , page-3
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AFG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.43 |
Change
0.015(1.06%) |
Mkt cap ! $387.1M | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.45 | $1.42 | $1.650M | 1.151M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4475 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 652 | 1 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| AFG (ASX) Chart |