AFG 0.72% $1.38 australian finance group ltd

takeover, page-7

  1. 8,231 Posts.
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    i like the possibilities of the notes "afgha", i was talked into them by a friend, at current prices its a %50 interest payment every 6 months afg survives, in november you will get $4.50 interest payment on a $12.00 note if afg was to get taken over you would get the $100.00 face value of the note. my friend will be free carried on next interest date in november ;))
    downside risk they go belly up, note holders rank ahead of share holders in any wind up.
 
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