AFG 1.00% $1.51 australian finance group ltd

its officially over administration , page-75

  1. 11,407 Posts.
    I agree with Sally.

    If its too cheap...its for a reason.

    We know the dogs...yet we play them. I dropped a few hundred thousand on MFS when they fell 70% that fatefull day.

    its been 11 months....they wont come out of voluntary admin I reckon and if they do...it will be 5c...not 99cents which they closed at 11 mths ago.

    Stuff it. Dont play them.

    Learn the lessons and dont get burnt.

    Can be expensive to learn.

    Play with company's that have cash...little or no debt...a strong business and strong mgmt that may be oversold...then we have a chance.

    Good luck all...another painful story.

    Hate them.

 
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