You may be right about the equity position. However, the equity position only really comes into play in a winding up. If the earnings are there (and AFG is not insolvent) then the equity position is not as worrying.
The fact that the banks refinanced indicates to me that they think there are sufficient earnings to cover all the debts. And if there are earnings then I get my interest.
Getting the principal back... well 2012 is a long way away right now and I should have received enough interest by then to cover my outlay (in fact should be covered by end 2009).
I believe AFG did sell the wind farm for over book value. I think someone said it was booked at something like 5m on balance sheet so the selling price wqas way above that. But I don't actually know.
- Forums
- ASX - By Stock
- research note on afgha
You may be right about the equity position. However, the equity...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
Add AFG (ASX) to my watchlist
(20min delay)
|
|||||
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. |
---|---|---|
$1.43 | 1180 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 4295 | 1.415 |
1 | 762 | 1.410 |
1 | 762 | 1.405 |
3 | 3179 | 1.400 |
2 | 2762 | 1.395 |
Price($) | Vol. | No. |
---|---|---|
1.430 | 900 | 1 |
1.435 | 1308 | 1 |
1.440 | 4192 | 3 |
1.445 | 762 | 1 |
1.450 | 1317 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
AFG (ASX) Chart |