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0.00% 29.5¢ quintis ltd

Mathematics. They will receive $19m (20m less 5%), then in 6...

  1. hottuna
    3,053 Posts.
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    15/11/17
    15:39
    Post #: 28819442
    Mathematics. They will receive $19m (20m less 5%), then in 6 months time, they'll owe $21.2m

    (21.2-19)/19 = is 11.6%. Annualise that (1+11.6%)^2 and you get to 24.5% per annum all in interest rate.
    QIN Price at posting: 29.5¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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