Fair enough.
I think if you want equity exposure, it makes sense to own AFIG rather than AFI, as these two securities have similar upside potential (in fact better with AFIG at current prices) and there is a floor to the return with AFIG.
The likelihood that AFIC would default on the interest payments is incredibly low given its (low) level of gearing, so AFIG is really looking like a good buy at this stage.
AFIC convertible notes, page-4
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Last
$7.41 |
Change
0.100(1.37%) |
Mkt cap ! $9.274B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.42 | $7.34 | $4.665M | 633.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10410 | $7.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.41 | 1492 | 2 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| AFI (ASX) Chart |