Can someone confirm this please?
If PT owns about $9.4 m of shares and owes $ about $2.8m to 3m from margin loan, that's roughly around 30% LVR(loan to valuation ratio), nowhere near a margin call scenario. If ANZ lends 40%on ADY, then PT's portfolio holding value has to fall to below $7m before it triggers a margin call. Assuming it's all ADY shares, then ADY has to drop to at least around 15c before it triggers a margin call and he's stated he has the fund to make up for it anyway.
I am sure this affect other shares in ASX too, not just ADY I'd imagine
phillip thomas explains all, page-48
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $17.92M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $11.94K | 1.086M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000000 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 400000 | 2 |
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| Last trade - 13.26pm 19/07/2024 (20 minute delay) ? |
| ADY (ASX) Chart |