I previously wrote, when it was a lot higher, that I would not touch it above $1, until they had paid down most of their debt. That is still my thinking.
The major owner probably creeps up on weakness, and then builds its stake through an underwritten discounted rights issue. They get it for less than market.
As AAC is a company that cannot support debt, any owner would want the balance sheet fixed. No point paying a premium and then needing to pay off the banks too.
I would only consider it 40 percent below NAV.
I previously wrote, when it was a lot higher, that I would not...
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Last
$1.43 |
Change
0.010(0.70%) |
Mkt cap ! $861.9M | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.44 | $1.41 | $346.4K | 242.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14000 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 2934 | 1 |
View Market Depth
| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
$1.42 |
Change
0.010 ( 0.16 %) |
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| Open | High | Low | Volume | ||
| $1.42 | $1.44 | $1.41 | 10605 | ||
| Last updated 15.59pm 20/05/2024 ? | |||||
| AAC (ASX) Chart |