From the announcement today by SGB it seems they have exposure to AFG but whilst it is on watch they feel that their debt will be repaid in full. On this basis it would seem that the banks are of the view that the debt from AFG will be repaid and from the viewpoint of an AFGHA holder it seems that even the worst case AFG is liquidated that senior debt holders will get their money back and that AFGHA holders should get some of our money (i.e $350m at full value). Given that the current market value is $44.50 it seems that there is a good chance of the NTA of AFG even in a fire sale underpinning this market value.
st georges bank afgha
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Last
$1.37 |
Change
-0.015(1.08%) |
Mkt cap ! $370.9M | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.40 | $1.37 | $305.6K | 220.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1308 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 3260 | 2 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| AFG (ASX) Chart |