There seems to be a lot of discontent with the 90 day finance terms . Interest free periods are an integral part of our society and many companies offer these terms despite them being in a competitive environment. We all take advantage of 55 day interest free credit cards, Harvey Norman repeatedly offers 4 years interest free etc.
Now the "cost" to us for offering these terms is minimal - however the benefit to companies like Tempura is massive. For Tempura to have all their suppliers grant them 90 day terms means they have a real opportunity to sell their product prior to or at about the same time their invoices are due. This reduces the "float " required to enable them to operate on a day to day basis.
Now I am certain our directors are fully aware of how much this means to them and will have easily "factored " this into the negotiating price. Its not to hard to change the markup margin from lets say 30% to 35% when no one else has a comparable product.
So sure we might see the amazing results 3 months later than we perhaps might like ideally but heck I am more than happy to accept that situation if it keeps our potentially huge customers happy.
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.10M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $38 | 5.394K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 287409 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 3237282 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 287409 | 0.007 |
5 | 1210906 | 0.006 |
3 | 1298026 | 0.005 |
2 | 570000 | 0.004 |
1 | 700000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 3237282 | 5 |
0.009 | 1260713 | 3 |
0.010 | 901368 | 5 |
0.011 | 1810000 | 4 |
0.012 | 292699 | 1 |
Last trade - 14.54pm 17/07/2025 (20 minute delay) ? |
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LITHIUM UNIVERSE LIMITED
Iggy Tan, Executive Chairman
Iggy Tan
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