In the 3 years since listing the company had a revolving credit facility of $350m and has now increased to $500m....this is costing us more than $1.4mpa in interest/fees to have this facility....they have increased their due diligence to evaluate opportunities...but nothing as yet. They spent $1.6m to increase this facility and for what benefit?They spent $5.9m on suppliers/admin (suppliers is zero since all they do is collect cheques) so circa $4.3m was spent on wages (as $1.6m was spent on the increase in the OD facility).....this is absurd...they have spent all this money on having a facility that they dont use and further most of the facility will expire next year and all will expire within the next 3 years...where are the benefits fella's!!!!
Ann: Half Year Results Presentation, page-3
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Last
$3.89 |
Change
-0.070(1.77%) |
Mkt cap ! $2.082B | |||
| Open | High | Low | Value | Volume |
| $3.99 | $4.00 | $3.89 | $1.652M | 421.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 22174 | $3.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.90 | 18534 | 45 |
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| Last trade - 13.25pm 29/07/2024 (20 minute delay) ? |
| DRR (ASX) Chart |