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
$4.05 |
Change
0.085(2.15%) |
Mkt cap ! $2.138B | |||
| Open | High | Low | Value | Volume |
| $4.06 | $4.06 | $3.96 | $5.709M | 1.421M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 23858 | $4.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.05 | 62318 | 44 |
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| Last trade - 14.28pm 11/07/2024 (20 minute delay) ? |
| DRR (ASX) Chart |