My point however it they need to sustain the current level of collections, but have only $60-70m PDP purchasing capacity - just to break even given the interest burden. In your data table - PDP investment peaked in FY18, the following year (FY19) collections peaked and then declined the year after (FY20).
Sure I understand that. I was really trying to highlight that they don't have an issue servicing their debt, far from it. And the incremental cash flows from PDP purchases even with a modest amount of leverage are, quite frankly, pretty absurd. I'd be pretty surprised if the intention from here is to try and fund growth purely from cashflow, or cf+equity. The cashflow profile is so weighted toward the front that a moderately geared PDP purchase could be repaid within 12 months.
This has always been a financial leverage play, imo. PDP's just happened to be the vehicle.
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Last
46.0¢ |
Change
0.020(4.55%) |
Mkt cap ! $61.94M |
Open | High | Low | Value | Volume |
42.5¢ | 46.0¢ | 42.5¢ | $10.80K | 23.91K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9390 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.0¢ | 30775 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9390 | 0.425 |
2 | 15046 | 0.420 |
1 | 300000 | 0.410 |
1 | 25002 | 0.400 |
1 | 80000 | 0.320 |
Price($) | Vol. | No. |
---|---|---|
0.460 | 30775 | 2 |
0.465 | 40000 | 1 |
0.470 | 5479 | 1 |
0.475 | 46743 | 2 |
0.480 | 87223 | 5 |
Last trade - 15.51pm 24/05/2024 (20 minute delay) ? |
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