STX 4.76% 20.0¢ strike energy limited

Ann: Appendix 3Y Stuart Nicholls, page-54

  1. 107 Posts.
    lightbulb Created with Sketch. 39
    The date of change was 14th Feb where the SP closed at 32c

    value
    = 4m shares @ 32c = $1.28m
    loan per notice = $1.024m

    LVR = $1.024m / $1.28m
    LVR = 80%

    If my workings are correct, HSBC seem confident backing either Stu being good for it or STX sp performance.
 
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