AXL
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2.55% 9.6¢ axel ree limited

Hammered for the risk, page-15

  1. littlecorn
    6,402 Posts.
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    05/09/18
    19:30
    Post #: 35434757
    probably 90% startup on ASX has loan or convert note facility with interest north of 10%, AXL's new warehouse rate is 4.95% ...

    does small bank lend 4% mortgage with 90% LVR make more money than AXL lend out 10-15% rate cost them 7%?

    Afterpay and Z1P's money cost wouldnt be too far away from 7%, and Z1P's bad debt is probably similiar to AXL, but 3 times market cap
    AXL Price at posting: $1.65 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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