AFG 2.89% $1.43 australian finance group ltd

melua, I appreciate that is might not be a rock solid guarantee...

  1. 806 Posts.
    melua, I appreciate that is might not be a rock solid guarantee but the wording and intent is clear.

    "...to provide sufficient financial assistance to Alleasing Trust and its controlled entities (including Alleasing Pty Ltd) to enable them to continue their operations and fulfill (sic) ALL their financial obligations until at least 30 September 2009."

    What makes you think that AFG would renege on the undertaking? Or is there something in the AHUG structure that I have missed that means that they would not be covered by the above statement? What does the fund manager you spoke to make of the comments in the AFG HY report?

 
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