The fine print is sometimes the important bit... in finance, if you read the fine print and someone else doesn't, they give you a prize sometimes. The average retail investor should be aware that it's the business of lots of people to read that fine print.
I was trying to reconcile why SZL was trading under terms... take out the funding and borrow costs (maybe 8 months at let's say 6%(ouch!)) and that left maybe 8 cents. The rest is due to risk of the deal falling over (and SZL falling/cut adrift). Z1P at $1.72 vs SZL at $1.51 means the deal is not priced at 100% likelihood of completion in its current form. Given the cash position of SZL, its cash burn rate and the permitted financing in the agreement, I don't see a tractable solution without restructuring the deal.
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Last
$1.61 |
Change
0.000(0.00%) |
Mkt cap ! $1.808B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 20628 | $1.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.45 | 2629 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 20628 | 1.720 |
2 | 146 | 1.615 |
3 | 62174 | 1.610 |
7 | 27428 | 1.605 |
6 | 28141 | 1.600 |
Price($) | Vol. | No. |
---|---|---|
1.445 | 2629 | 1 |
1.520 | 3000 | 1 |
1.530 | 41740 | 2 |
1.550 | 8602 | 7 |
1.555 | 17146 | 3 |
Last trade - 16.16pm 17/07/2024 (20 minute delay) ? |
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