allco have essentialy 2 debts. one bridging loan which was due early may for $250 mil. and a $950 mil senior debt. $250 mil has been extended to 30th may and so has review on $950 mil. it is likely through asset sales that $250 mil bridging will be sorted by 30th may and leave approx $870 left on senior debt which is still up for negoitiation. given the talk by banks that they would be happy if this reduces to $400mil by mid 2009 and AFG's assets, co-operation by banks would lead one to believe that the company is sound and long term they will survive and prosper. they have a solid and growing business with rail, shiping and aviation etc.
re 20th may deadline
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Last
$1.39 |
Change
0.035(2.59%) |
Mkt cap ! $375.0M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.39 | $1.36 | $531.1K | 385.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1968 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 328 | 1 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| AFG (ASX) Chart |