AFG 0.37% $1.35 australian finance group ltd

doesnt look good guys

  1. 274 Posts.

    i think it's all over guys. the media reports and the trading halt are all pointing towards administration.

    the issue now is will afgha holders get the november payment, and what remains for afgha holders?

    the banks have charges over all of afg's assets

    what are the implications of that on the voluntary administration process?

    can the banks just seize the assets and do a fire-sale?

    imo that is what they will do if they are not willing to extend...if they were prepared to wait they would have just extended

    i am not a lawyer but would appreciate if anyone can answer these questions
 
watchlist Created with Sketch. Add AFG (ASX) to my watchlist
(20min delay)
Last
$1.35
Change
0.005(0.37%)
Mkt cap ! $364.1M
Open High Low Value Volume
$1.36 $1.36 $1.35 $26.81K 19.82K

Buyers (Bids)

No. Vol. Price($)
8 2092 $1.35
 

Sellers (Offers)

Price($) Vol. No.
$1.35 1873 5
View Market Depth
Last trade - 11.49am 09/07/2024 (20 minute delay) ?
AFG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.