AFG 2.22% $1.32 australian finance group ltd

probably around $2But then, it is not so bad .. the SP would dip...

  1. 93 Posts.
    probably around $2

    But then, it is not so bad .. the SP would dip and then pick after a couple of months. Probably, it would take a lot of time (if at all) to reach $7+ or $8+ - but, somehow with equity injection, I think we are looking at a $3.5 to $4 SP around June.

    Selling assets is not a bad idea, if the assets are not in the transport division. Reducing debt levels would significantly reduce gearing.

    Perhaps, all this pain is not so bad. AFG would be more careful in the future, one would expect. And its shenanigans in the US may stop well before the danger-mark.

    As it is said in some book .. '.. the best is bought only at the cost of great pain, or so says the legend'. We can only hope.
 
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