What are practical realities to small shareholders? Will AFG trade again? Are ALLCO going to shut shop & thats it - 100% loss to shareholders? If it trades - is it going to be a 20c stock? Is there possibly anything that could come out to this that could actually give the price any impetus (from what Im reading this doesnt seem a likely outcome).
Theres talk of ALLCO going private again. What happens to minority shareholders?
Its al hard to believe & its happened so quickly- ALLCO was top 100 company 12 months ago. It was in strong growth phase with good dividend return. Everyone had it as a buy. It continued to deny any issues & carried on with acquisions (despite the Rubicon deal being unpopular). I think they truly believed this.
I find the margin loan episode really bad. I would of thought directors couldnt put other shareholders at risk (it clearly did with the big share drop)
I really stuggle to understand what this group of highly successful and intelligent people have done.
What are practical realities to small shareholders? Will AFG...
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Last
$1.38 |
Change
-0.010(0.72%) |
Mkt cap ! $373.6M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.38 | $398.2K | 285.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12254 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 15493 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AFG (ASX) Chart |