Investing $10 to get $5 back is pretty stupid... It's better for AFGHA holders if the coupon is deferred but Allco survives, than if the coupon is paid but Allco folds. (Since a fire sale of assets likely won't be enough to cover the senior debt.)
The banks don't care about the share or note holders - if they reckon they can get most of their money back by winding up the company and selling everything regardless, they'll do that.
Investing $10 to get $5 back is pretty stupid... It's better for...
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Last
$1.43 |
Change
0.040(2.89%) |
Mkt cap ! $385.8M | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.43 | $1.38 | $1.476M | 1.056M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 9093 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 1180 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| AFG (ASX) Chart |