AFG 0.72% $1.38 australian finance group ltd

as for afgha guys,allco's gross assets are about $1.25bntotal...

  1. 274 Posts.

    as for afgha guys,

    allco's gross assets are about $1.25bn

    total debt including notes is about $1.bn

    if note holders are to get back $10 per note, then asset sales must be at least $685m or 55% of book value


    so basically if allco is liquidated for at least 50% of book value, note holders will still get 10c in the dollar.

 
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