In the 3 years since listing the company had a revolving credit facility of $350m and has now increased to $500m....this is costing us more than $1.4mpa in interest/fees to have this facility....they have increased their due diligence to evaluate opportunities...but nothing as yet. They spent $1.6m to increase this facility and for what benefit?They spent $5.9m on suppliers/admin (suppliers is zero since all they do is collect cheques) so circa $4.3m was spent on wages (as $1.6m was spent on the increase in the OD facility).....this is absurd...they have spent all this money on having a facility that they dont use and further most of the facility will expire next year and all will expire within the next 3 years...where are the benefits fella's!!!!
Ann: Half Year Results Presentation, page-3
Add DRR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.14 |
Change
-0.030(0.72%) |
Mkt cap ! $2.188B | |||
| Open | High | Low | Value | Volume |
| $4.20 | $4.21 | $4.12 | $8.456M | 2.039M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11652 | $4.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.15 | 41700 | 3 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| DRR (ASX) Chart |