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
Thanks danbradster for you detailed analysis.The cash flow will...
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Last
6.7¢ |
Change
-0.001(1.47%) |
Mkt cap ! $53.60M | |||
| Open | High | Low | Value | Volume |
| 6.8¢ | 6.8¢ | 6.7¢ | $32.34K | 481.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 85620 | 6.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 7.0¢ | 1000 | 1 |
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| Last trade - 15.56pm 13/05/2024 (20 minute delay) ? |
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Last
6.7¢ |
Change
-0.001 ( 2.90 %) |
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| Open | High | Low | Volume | ||
| 6.8¢ | 7.0¢ | 6.7¢ | 68176 | ||
| Last updated 15.35pm 13/05/2024 ? | |||||
| MME (ASX) Chart |