AFG 1.00% $1.51 australian finance group ltd

ann out, page-4

  1. 273 Posts.

    this is an absolute disgrace. definately NOT what the market wanted to hear.

    so basically they have done sweet FA since the last extension, they are getting completely milked with a 300bp margin, and no certainty for shareholders. allco should tell the banks where to stick it and then see how tough they play.

    tell me, if they've agreed on an interest rate margin - 300bp, which is a 300% increase, then what else needs to be done to restructure the debt??? why all this circle jerking with extensions. i am selling my heads this morning. had enough of this dog.
 
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