AFG 2.84% $1.63 australian finance group ltd

afgha - phone call to administrator, page-18

  1. V8
    10,794 Posts.
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    Given that the banks are going to have to give back all remayments made to them for the past 6 months and their going to lose their secutity over all assets and will only have the charges that were in place before this mess blew up and the administrator will be running the show, I don't mind waiting to see if note holders with buy prices in the teens will make money.

    The main issue I think will be the laength of time taken to get all disposals made.

    Really their are so many variables in play all comment is really conjecture
 
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