Hi @Klogg
Agree on loan terms, incurring interest expense due to drawing down funds and not using them is not great. The cost for first half is $AUD850k, assume this is more than a month of interest.
The other kicker is the break costs of $1.1M.
They do have a lot of cash on the balance sheet at the moment ($47M). Hopefully they can offset a bit with a High Interest Saver account - 4% versus loan cost in the vicinity of 9%.
It'll be interesting to see how the market reacts today, Happy Friday!
Hi @KloggAgree on loan terms, incurring interest expense due to...
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Last
$10.80 |
Change
0.310(2.96%) |
Mkt cap ! $563.7M | |||
| Open | High | Low | Value | Volume |
| $10.67 | $10.80 | $10.44 | $765.2K | 71.58K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $10.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.80 | 5606 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PAC (ASX) Chart |