I just have a few questions about the payment of AFGHA and am hoping someone will know the answers on here. My Broker didn't! :-(
1 - Theses go ex-coupon payment tomorrow COB. I am pretty sure I have this right. So Monday they should start trading ex-div so to speak. If this is the case and for the argument AFG goes into liquidation say wednesday next week is the payment still paid. How would the ASX sort that one out.
I am thinking if it goes ex-coupon before they announce administration (I don't think they will just hyperthetical) I assume it would still have to be paid. Were do payments sit in the creditor list.
Yeah I know it is hurting my head to.
2 - I wonder how uninformed the some of the Market will be on these come Monday. Will they be trading cira 50c to $1 like the current market indicates. Not really a question just an observation on the lack of understanding on how these work. Jee if you could pick them up for $1 - getting back 1c in the $ on these should the worst happen must be worth a punt.
AFG Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held
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