As far as I can tell, QFE's AU business received $3m interest income and paid $1m finance costs - so they lend at 9.9% and ostensibly borrow at around a third of that, or 3.3%. Credit risk seems limited because the lawyer/accounting firm is on the hook if a customer defaults. Is this not a pretty decent business model, especially as the business scales and the fixed admin costs remain mostly static? What am I missing here?
As far as I can tell, QFE's AU business received $3m interest...
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Last
8.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.40M | |||
| Open | High | Low | Value | Volume |
| 8.0¢ | 8.0¢ | 8.0¢ | $2.842K | 35.53K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 41124 | 8.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.4¢ | 35000 | 2 |
View Market Depth
| Last trade - 13.32pm 15/05/2024 (20 minute delay) ? |
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Last
8.0¢ |
Change
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| Open | High | Low | Volume | ||
| 8.1¢ | 8.1¢ | 8.0¢ | 30932 | ||
| Last updated 13.32pm 15/05/2024 ? | |||||
| QFE (ASX) Chart |