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!!!!
In the 3 years since listing the company had a revolving credit...
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Last
$4.15 |
Change
-0.310(6.95%) |
Mkt cap ! $2.193B | |||
| Open | High | Low | Value | Volume |
| $4.34 | $4.34 | $3.90 | $33.38M | 8.033M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 62929 | $4.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.16 | 72474 | 9 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$4.15 |
Change
-0.310 ( 7.30 %) |
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| Open | High | Low | Volume | ||
| $4.42 | $4.42 | $3.93 | 1576104 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| DRR (ASX) Chart |