After a some consideration it's worth noting that:
* There are no sale pre-conditions that require Allco to do anything
* The value in AHUG right now is not in the Allco letter of support, it's in the potential sale.
* When there was no sale AHUG traded at $10 with one interest payment still due. That puts the Allco letter of support at $5 or less of AHUG's value when Allco looked like it would survive until after AHUG had to be redeemed.
* The trust has Allco's money right now and even if the sale doesn't go ahead, the trust can sue to stop Allco getting their money out without honoring the letter of support (or in part). They may not have to give all the money back to Allco and then line up as an unsecured creditor, if the courts agree. So of that $5 there is still some value in the letter of support.
* AHUG has already dropped a lot and some of that is on the basis that Allco may go into receivership.
With all that said there isn't a fundamental reason for a drop of more than a few dollars in AHUG. If we see a big drop tomorrow it'll probably be a buying opportunity with the vote coming up in a few days.
- Forums
- ASX - By Stock
- AFG
- what does this mean for ahug
what does this mean for ahug
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AFG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.63 |
Change
-0.020(1.21%) |
Mkt cap ! $441.3M |
Open | High | Low | Value | Volume |
$1.67 | $1.68 | $1.63 | $440.1K | 266.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1194 | $1.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.63 | 14997 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1194 | 1.625 |
1 | 1194 | 1.620 |
1 | 10442 | 1.610 |
3 | 21125 | 1.600 |
1 | 1000 | 1.590 |
Price($) | Vol. | No. |
---|---|---|
1.630 | 14997 | 1 |
1.640 | 5000 | 2 |
1.650 | 18515 | 3 |
1.655 | 3178 | 2 |
1.660 | 1194 | 1 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
|
|||||
Last
$1.63 |
  |
Change
-0.020 ( 0.75 %) |
|||
Open | High | Low | Volume | ||
$1.64 | $1.68 | $1.63 | 52990 | ||
Last updated 15.59pm 28/03/2024 ? |
Featured News
AFG (ASX) Chart |
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online