I have a 450k margin loan facility available, I haven’t used it for 18 months.
But years before that when I was very focused and had the thing maxed out it was costing approximately $2800 a month.
I decided that getting a draw down facility was a better way for me to go, for the sake of a comparison I could draw that down to approximately $650k for the same interest payment.
The advantage is not having any temporary fall in share price force your hand, the negative is using an asset as security against the facility.
But if you have the means to service the facility with ease then any fluctuation in the market won’t force your hand.
AHZ Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
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