dmosmann: "To lose your money they have to be wound up with not only no equity but the $300m in notes at zero?"
I think the answer to your question is yes. Note holders definitely receive funds in preference to shareholders and I also think that AFG cannot pay dividends before paying interest on the notes.
All in all, it's a much safer play with AFG than the shares directly.
afg and afgha and kinghorn and lewis, page-10
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Last
$1.51 |
Change
-0.005(0.33%) |
Mkt cap ! $408.8M | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.52 | $1.51 | $269.0K | 177.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 70694 | $1.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 815 | 1 |
View Market Depth
| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| AFG (ASX) Chart |