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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$10.76 |
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Mkt cap ! $561.6M | |||
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| 1 | 89 | $10.64 |
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