Australia's largest stock trading and investment forum Australia's #1 stock forum

SPX

Click for more information

0.00%

0.8¢ spenda limited

when spenda announced its debt warehouse facility, from memory...

First 154 Last

Share
Profile

Follow
Thepugilist

228 Posts.

88

04/09/23

11:22

Post #: 69717787
Share

Originally posted by CDO22: ↑

Strictly speaking, this does not tell us much about the demand side of the equation. It would if, for example, the whole $50mio would show up on balance sheet, contributing to $50mio - $12.6mio of unrestricted cash. Here, this is instead raising questions about the offer side. The accounts are not in line with the announcement of a $50mio committed facility. Instead, it is just $15mio showing in this report. And we have no colour as to why they are still operating a $15mio corporate facility and not a $50mio committed DW. It's been a year now, and the latest issuance of options suggest that they have just drawn another $1.6mio, total $14.2mio, so still far from making a full use of the announced capacity. There are clear questions to SPX there: Why is the balance sheet showing just $15mio of capacity (offer side)? And can they quantify the number of requests for credit so far (demand side)?

Expand

when spenda announced its debt warehouse facility, from memory it said up to $50 mio, that kinda pricked my ears up at the time thinking why wouldn’t they say just 50 mio and not up to 50 mio, maybe they needed more money in the bank to get that full utilisation of the debt warehouse. Company very dodgy imo

SPX Price at posting: 0.7¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

LLL

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

There are more pages in this discussion • 21 more messages in this thread...

First 154 Last

Add SPX (ASX) to my watchlist

(20min delay)
Last 0.8¢		Change 0.000(0.00%)		Mkt cap ! $34.59M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
4	1277576	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	1277577	3

View Market Depth

No.	Vol.	Price($)
4	1277576	0.008
6	8273128	0.007
16	11120609	0.006
17	11370000	0.005
7	19000000	0.004

Price($)	Vol.	No.
0.007	1277577	3
0.008	3878902	10
0.009	3040487	6
0.010	8397005	13
0.011	4983514	5

Last trade - 09.12am 08/07/2024 (20 minute delay)

SPX (ASX) Chart

Day chart unavailable