stockdr, not quite what I meant. I was more thinking of the scenario where the Alleasing price is less than the overall debts. AFG may have to put their hand in their pocket to cover the AHUG holders or other debt holders(depending on what the Letter of Support says). If AFG has sorted the new senior debt situation out they can sort their own mess out. If they have not they have to involve the banks and that could very messy.
AFG will only want good news coming out whilst the senior debt is still being negotiated.
Of course if the Alleasing price covers all the debts then there is not a problem. But all the debts sum up to at least $250m. That's a lot of money for a not profitable business...
ahug announcement expected thursday, page-20
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AFG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.43 |
Change
0.040(2.89%) |
Mkt cap ! $385.8M | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.43 | $1.38 | $1.476M | 1.056M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 9093 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 1180 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| AFG (ASX) Chart |