Australia's largest stock trading and investment forum Australia's #1 stock forum

99L

Click for more information

0.00%

1.0¢ 99 loyalty limited.

Ann: Appendix 4C, page-6

First 6 Last

Share
Profile

Follow
mikemercury

783 Posts.

42

30/01/19

13:44

Post #: 37264901
Share

Originally posted by tonyabcd ↑

Originally posted by 1912

Tony

Thanks for the response - one of my questions is why the need for so many lenders outside of their normal Banking facilities that include individuals and private companies some of whom are charging an interest rate of circa 13% to 17% whereas the Banks are charging around 5% ? - seems adhoc and un professional to me.

Net cash from operating facilities is well down on previous quarters too - why ?
Assuming that they make a 2-3% spread on points redemption with monthly rolls this gives an annualised return of 24-36% pa so who cares about the cost of money? The issue is getting enough factoring lines in place.

Expand

Hi Tony

PPS were promoting this company constantly last month, saying it was going to be the next big thing. I was getting two emails a day from them on some occasions. They reckon the SP could increase by as much as 2200% during the course of this year. They sure know how to hype up a stock.

Regards
mm

NNW Price at posting: 10.8¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

BM8

Battery Age Minerals gets set to capitalise on critical mineral demand

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

DY6

DY6 shows strong levels of heavy rare earths from metallurgical sampling in Malawi

JBY

James Bay latest lithium player to pivot to other metals amidst lithium slump

GHY

Gold Hydrogen reports "world leading helium purities" at Ramsay Project

There are more pages in this discussion • 2 more messages in this thread...

First 6 Last

Add 99L (ASX) to my watchlist

SPONSORED BY