I think the idea of what SPX are trying to do is sound but the execution has been a bit lackluster
And way too many promises unfulfilled
I still think they will have long term success but the timelines they originally presented were unrealistic and the market doesn't like that
IMO
Using someone else money and paying handsomely for it and lending it out at 19% to struggling businesses and customers etc
Lending polices and criteria in place
Who would borrow at nearly 20% in this market ????
Expecting another 4 or more months of interest rate rises and potential recession - not to mention business confidence
Ann: Spenda secures $50m debt warehouse facility, page-160
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Last
1.0¢ |
Change
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Mkt cap ! $43.24M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $8.198K | 875.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1090652 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 4392574 | 15 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| SPX (ASX) Chart |