i don't believe that it is a distressed company - it was sold down because of fears and a newspaper that kept bagging it. even nab wrote a note to the market that they are happy with their exposure to afg and that there are undrawn facilities.
i think the market should look at the company's announcements and the fundamentals before just reading a newspaper. the sharemarket is running with sentiment rather than fundamentals.
street talk afr today, page-12
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Last
$1.38 |
Change
-0.010(0.72%) |
Mkt cap ! $373.6M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.40 | $1.37 | $338.6K | 245.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8406 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 1800 | 1 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| AFG (ASX) Chart |