AXQ allco max securities and mortgage trust

buy, page-16

  1. 260 Posts.
    Just read through their report.

    Need to be a lawyer to understand it!

    Good news - SG cant enforce repayment until 31 December
    -NTA still significantly above SP (3x)
    -The company actually makes money (before mark to market)
    -Doesnt look like they are forced to sell any security before maturity (thus recouping face value vs market value)
    - No mention about reducing distributions

    Bad news - Still need to address their future - whats the plan?
    - Investmenst in Centro and Mobius

    Conclusion - High risk/high reward - the yield is 25%
    -NTA is 3 x higher , if they held securities to maturity (big ask) the face value is 4.7x the sp
    -if the return wasnt so jouicy I would fold but to mix metaphors - roll the dice!!
 
watchlist Created with Sketch. Add AXQ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.