AFG 0.61% $1.62 australian finance group ltd

one week to go, page-3

  1. 273 Posts.

    rewind, expect another extension on may 30, like i said before the banks have absolutely no intention of refinancing afg's debt. the sp will not budge until something concrete happens - like a restructuring of afg's debt.


    they will keep afg's balls in a vice while afg desperately tries to sell assets to reduce debt. once they have debt down to an acceptable level, then the banks may consider refinancing the debt.
 
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