I know nothing about AZZ, found my way here as a holder of ABW. For the record, ABW invests directly into the unlisted AFARF, which has a fund size of circa $100m. As I see it he exposure to AZZG is around 8%, so about $8m. Aurora also has some exposure via another fund, AIB, however the size of the unlisted fund is much smaller.
So my question is how does AZZ look on a wind up scenario? Is there likely to be enough to A. pay back the bonds at face value and B. return any capital to shareholders? Hoping you guys can enlighten me as to the chances of getting money back.
GLTA
AZZ Price at posting:
50.0¢ Sentiment: None Disclosure: Not Held