CLG 7.14% 19.5¢ close the loop ltd.

Ann: Annual Report to shareholders, page-161

  1. 240 Posts.
    lightbulb Created with Sketch. 25
    correct me if i am wrong, 82M debt, its net profit after everything is 11m only, if they try to pay back the debt, and want keep at least 40m cash on hand, if they pay 14m every year,(they paid 4m this year), it will take them another 5 years to pay back everything(interests will reduce every year), with a net profit of 0... I hope I am wrong about this but this doesn't look good at all, 10c is still expensive for this business because it will make 0 profits for another 5 year. Unless if they are willing to pay pack as much as they can and only keep 20m on hand, that's another 3 years...
 
watchlist Created with Sketch. Add CLG (ASX) to my watchlist
(20min delay)
Last
19.5¢
Change
-0.015(7.14%)
Mkt cap ! $103.7M
Open High Low Value Volume
21.0¢ 21.5¢ 19.0¢ $265.1K 1.331M

Buyers (Bids)

No. Vol. Price($)
1 47622 19.5¢
 

Sellers (Offers)

Price($) Vol. No.
20.0¢ 122687 1
View Market Depth
Last trade - 16.10pm 06/09/2024 (20 minute delay) ?
CLG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.