My feeling has been that Wind farm sale is the "low hanging fruit" or easy pickings.
It is good but in round figures is only a small amount of total debt.
Sale around $200M
Total debt around $6000M
ie sale about 3% of Total debt.
It is one good result certainly.
But fear is that will be hard to keep coming up with such good results, and some sales will have to be at discount to book.
This especially given
a) difficulties selling stake in World Square,
b) loss taken by REU on sale of CRE asset,
c) AFG assets, buildings, which are in more of a buyer's market than the wind farm.
I hold AFGHA not AFG, and reasonably comfortable with it.
My feeling has been that Wind farm sale is the "low hanging...
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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 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| AFG (ASX) Chart |