Thanks danbradster for you detailed analysis.The cash flow will not be enough to pay down the corporate debt in 1.5 years without constraining growth. Maybe get it down to $35m. The fundamental problem remains is that they don't have enough equity/cash to fund any serious growth in the loan book. I still think that consolidation needs to happen in this sector to get a genuine champion who can take on the big banks. It still remains cheap and would be worth around 15c in a less constrained interest environment
Ann: 1H24 Results Investor Presentation, page-19
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Last
6.8¢ |
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Mkt cap ! $54.40M | |||
| Open | High | Low | Value | Volume |
| 6.8¢ | 6.8¢ | 6.8¢ | $503 | 7.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 220940 | 6.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 7.0¢ | 43500 | 2 |
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| Last trade - 13.42pm 14/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 6.8¢ | 6.8¢ | 6.8¢ | 5000 | ||
| Last updated 12.16pm 14/05/2024 ? | |||||
| MME (ASX) Chart |