AIO 0.00% $9.13 asciano limited

I'm not sure what is driving this latest panicAio have the same...

  1. 876 Posts.
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    I'm not sure what is driving this latest panic

    Aio have the same assets they had when they were $12 a share
    They have higher ebit than when the shares were $12
    They have the same debt as when the shares were $12
    They have a year before the debt needs to be renegoiated
    Interest rates will be half what they were when the shares were $12

    In summary they need to create lender confidence over the next 12 months
    To achieve that they are seeking to sell assets early to reduce debt early

    No annoucements yet - they are holding out for good prices maybe
    So far I have topped up twice at 80c or below
    Does anyone know something I don't???
 
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Currently unlisted public company.

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