It is interesting to look at the cashflow statement to March and try to interpret what is happening.
Over the last quarter PNC recovered a net $13m (Debt collection receipts less operating costs )
Rather than repaying some of the outstanding loans with this $13m they seem to have purchased new debts for around $14m..
This doesn't appear to be a business decision of a company under a lot of financial stress.
What's missing here?
Ann: Amendment to Quarterly Activity Report and Appendix 4C, page-2
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Last
50.0¢ |
Change
0.010(2.04%) |
Mkt cap ! $80.36M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 50.0¢ | 48.0¢ | $20.41K | 41.74K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 24682 | 1 |
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| Last trade - 14.14pm 01/08/2025 (20 minute delay) ? |
| PNC (ASX) Chart |