partowaste you are totally correct.
I imagine that the problem was that AJL could not show the repaired balance sheet. Reason is only a pro forma balance sheet has been published, as - strangely- the closing of the refinance was after the reporting date.
So, clients and financiers still see the disastrous balance sheet as the only official one. A situation that has cost us dearly.
In the new situation, with the new balance sheet on the first possible reporting date, it shows a very much bankable business (depending on the operational result; however on an balance sheet bases it is probably 15% loans, 85% equity).
That's probably why it will be replaced by new loans nxt year. And therefore K will cash in the fees that are also mentioned in the document.
I hope that is the situation, otherwise I cannot imagine why they gave in to the loan package.
- Forums
- ASX - By Stock
- AJL
- change of control clause & security
change of control clause & security, page-4
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AJL (ASX) to my watchlist
|
|||||
Last
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $13.75M |
Open | High | Low | Value | Volume |
0.9¢ | 1.0¢ | 0.9¢ | $5.802K | 638.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 120525 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 402270 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 120525 | 0.009 |
2 | 1100000 | 0.008 |
5 | 1335124 | 0.007 |
2 | 795000 | 0.006 |
5 | 600000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 402270 | 3 |
0.011 | 234900 | 4 |
0.012 | 111667 | 2 |
0.013 | 89650 | 1 |
0.016 | 79432 | 1 |
Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
Featured News
AJL (ASX) Chart |