It is a case of the banks being in control. If they call in the 900m AFG goes under and AFG knows that - so the banks are calling the shots. That's why the margin went up and that's why there is no long term extension.
I would imagine that the banks will negotiate themselves into the best position possible without sending AFG under.
ann out, page-8
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Last
$1.62 |
Change
-0.010(0.61%) |
Mkt cap ! $438.6M | |||
| Open | High | Low | Value | Volume |
| $1.59 | $1.63 | $1.58 | $535.4K | 333.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3545 | $1.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.62 | 4711 | 2 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| AFG (ASX) Chart |