Looks like the Alleasing business will be the next major asset sold (currently in the final stages of due diligence). By the look of it AHUG holders won't be getting near their $105 per share but they will most likely get a portion of the Alleasing sale.
AFG made a poor decision when providing an undertaking to support AHUG until after maturity. I think that the Allco executives who made this decision are no longer calling the shots.
Now by trying to back down from the letter of support AFG are setting themselves up for yet another class action, no doubt funded by IMF.
interview with david clarke, page-9
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$1.51 |
Change
0.015(1.00%) |
Mkt cap ! $408.8M | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.51 | $1.44 | $775.6K | 521.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 136411 | $1.50 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 12418 | 2 |
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| AFG (ASX) Chart |