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fundamentals anyone following, page-7

  1. kiril
    2,892 Posts.
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    25/09/12
    20:36
    Post #: 10770261
    Hi Finch2.

    You stated:

    "however I was comforted to know the director has loaned $28 million with a line of credit of $45 million".

    Why does this provide you comfort?

    Tony Wales is BRW top 200 wealthy. He has lent the business money, no doubt secured against the assets of the company which would in this market recover more than the current market cap with ease...so really he has no risk of not recovering his loan.

    We are taking a greater risk by buying equity in the company than Tony Wales is by lending it cash.

    Kiril.
    FFF Price at posting: 1.8¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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