There is light ahead for all bondholders and shareholders alike....

  1. 23,989 Posts.
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    There is light ahead for all bondholders and shareholders alike. After discussing with research specialists I have today given my Special Resolution consent vote over AXL breaches and to allow a slight modification to covenants. While the company was mismanaged to even cause breaches it's not in any dire straights. The 0.85% consent fee bond holders are being paid is also a nice bonus. I think the company has learned a lesson and will watch debt covenants closely in future. There may still be an equity sell off but I don't think it should or will amount to a bloodbath.


    My sentiment now changed from sell on re-commencement of trading to hold.


 
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(20min delay)
Last
7.2¢
Change
-0.007(8.86%)
Mkt cap ! $7.259M
Open High Low Value Volume
7.6¢ 7.6¢ 7.2¢ $45.13K 603.9K

Buyers (Bids)

No. Vol. Price($)
3 96484 7.0¢
 

Sellers (Offers)

Price($) Vol. No.
7.4¢ 171111 1
View Market Depth
Last trade - 16.10pm 17/06/2025 (20 minute delay) ?
AXL (ASX) Chart
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