WZR 3.13% 3.1¢ wisr limited

Ann: WZR Q3FY24 Market Update, page-5

  1. 1,062 Posts.
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    So they have an additional $25mio of cash that in theory could go towards growing the loan book, in the form of capital to support their financing vehicles. They've already drawn $10mio of that, and it is unclear what for... Fees to advisor (likely $1mio), legal cost ($500K ish). Then what, given they had $21mio of unrestricted cash...? Are they sailing too close to some financial covenants? It's a little odd. Not sure we will ever know. There is still $15mio left, which would in theory support about $400mio loan growth. So next update will be critical now that they've indicate they can and are willing to grow. As I write the SP is back down, so I guess many are still doubting this shop can recover. I tend to think the valuation is attractive and have a small long.
 
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Last
3.1¢
Change
-0.001(3.13%)
Mkt cap ! $42.56M
Open High Low Value Volume
3.4¢ 3.4¢ 3.0¢ $41.63K 1.311M

Buyers (Bids)

No. Vol. Price($)
3 484710 3.0¢
 

Sellers (Offers)

Price($) Vol. No.
3.1¢ 354899 1
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Last trade - 16.10pm 25/07/2024 (20 minute delay) ?
WZR (ASX) Chart
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