I accept that these guys really do know aircraft, shipping and private eq well.
But that is not the issue.
By their own admission, they got into areas that they should not have, especially purchase of Rubicon.
They plan to "exit" those areas.
Fine.
But "exit" means selling in a buyers' market.
The question is, can they sell their non-core assets without loss?
The market says no.
sold my afgha today, page-5
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Last
$1.38 |
Change
0.030(2.23%) |
Mkt cap ! $372.3M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.38 | $1.35 | $357.6K | 261.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3094 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 3284 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| AFG (ASX) Chart |