Although the results are disappointing, I believe this is a prudent decision from management to secure these debt facilities. What people probably don't realise is that there is 32.5M in maturing debt in CY24. A chunk of which will be due in the first half of the year. With these deals they're essentially re-financing to ensure they have sufficient working capital. The rates they've signed up to are crap ~25% and 18% respectively for Nebari and Lambhill but should be insignificant in the scheme of things when the margins widen to ~$15/WMT+ when operations restart.
Although the results are disappointing, I believe this is a...
Add MMI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $267.2M | |||
| Open | High | Low | Value | Volume |
| 4.7¢ | 4.7¢ | 4.3¢ | $482.8K | 10.72M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 119999 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.6¢ | 2000000 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
4.4¢ |
Change
0.000 ( 2.22 %) |
||||
| Open | High | Low | Volume | ||
| 4.5¢ | 4.6¢ | 4.4¢ | 8220881 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| MMI (ASX) Chart |