"The black rock terms are a kicker. An annualised rate of 21% (1.25% per month plus 6%) plus almost 3 million shares. Justin said in an investor interview that they would refinance on much better terms. Ummmm..."
If I read this correctly, the real rate (if the loan is 6 months) is 31% p.a.? (15% plus 6%/.5 and 3m@10c = 2%/.5) (may need to check my maths...) - of which cash is 27% p.a. and equity 4% p.a.
Why will refinancing costs be lower if they haven't been already and Blackrock have wanted out for >12 months ?? Wont the next refinance be at the same or higher prices?
At 31% p.a.cost of funds - is a real difficulty to exceed this with real cash earnings. I am still concerned that they quote EBITDA and EBIT when interest is a clear COGS and before interest measures do not correctly reflect a proxy for cash flow. I hope they stop quoting EBITDA and EBIT and quote all profits after interest as a better metric in the future.....
Good luck to the company and to all investors - but I can not buy...
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Ann: Investor Presentation February 2022, page-11
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $19.82M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 11.0¢ | $10.07K | 91.28K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 823181 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 93130 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 823181 | 0.110 |
3 | 120000000 | 0.105 |
2 | 29748 | 0.100 |
1 | 100000 | 0.092 |
1 | 10500 | 0.091 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 93130 | 2 |
0.120 | 259180 | 6 |
0.125 | 691479 | 3 |
0.130 | 244234 | 5 |
0.135 | 300000 | 2 |
Last trade - 13.11pm 04/07/2024 (20 minute delay) ? |
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