Aaphid, if you wish to vote against the proposal you are of course welcome to.
However there are a couple of things I would like to point out:
1) AFG has a loan of about $130m outstanding to Alleasing. They will only be receiving about $50m (if I remember correctly) so are taking an $80m loss. Admittedly they could choose to take a bigger loss but they are not making a profit as far I can see.
2) Given AFG is close to being placed in administration, there is a strong possibility that AHUG holders could end up with less than is on offer now. I share your views about the Letter of Support but have serious doubts about whether it is realistic to expect that to provide a bigger pay out in the longer term.
Rewind
likelyhood of ahug holders agreeing to sale, page-15
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Last
$1.68 |
Change
0.035(2.13%) |
Mkt cap ! $454.8M | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.71 | $1.65 | $1.422M | 845.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3350 | $1.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 2214 | 2 |
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| AFG (ASX) Chart |