AFG 1.67% $2.43 australian finance group ltd

allco may defer results again

  1. 1,672 Posts.
    From the sheet:

    Allco Finance Group may defer publication of its December 2007 financials again today, the Financial Review reported. Allco had been due to publish its half-year profit on Friday but postponed them until today. The ASX suspended trading in the firm's shares last week.

    The Financial Review also reports that Allco's board is "seeking a cash injection worth hundreds of millions of dollars through the sale of an equity stake in the company."

    Asset sales - including, potentially, of some of the firm's most lucrative and long-standing leasing businesses - are also under negotiation (as reported by the Financial Review and other media late last week).
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