The 1.5bn is the goodwill and management rights being written off. I am not too worried about that.
Any write offs above and beyond would be worrying. However, some of those will be offset against other profits e.g. Techapi wind farm sale.
I share your concerns about Allco but personally think you are too much on the downside. I think the fact that banks agreed to the re-finance means that AFG is in OK (but not excellent) health.
research note on afgha, page-23
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Last
$1.43 |
Change
0.040(2.89%) |
Mkt cap ! $385.8M | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.43 | $1.38 | $1.476M | 1.056M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 9093 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 1180 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| AFG (ASX) Chart |