Australia's largest stock trading and investment forum Australia's #1 stock forum

RMC

Click for more information

1.96%

$1.00 resimac group ltd

from todays presentation the RMC execs are saying this new...

First 5 Last

Share
Profile

Follow
todaytheday4me

197 Posts.

26

29/08/23

10:47

Post #: 69607596
Share

Originally posted by todaytheday4me: ↑

maybe I dont understand these notes well so happy to be corrected.

my read is that the notes are priced more sharplythat those issues a year ago as Resimac Bastille 2023-1NC. Those notes went out with RMC paying a coupon of +1.75% on As and $2.65% on the Bs.

The recent notes went out with RMC paing a coupon of +0.5% on the JPY As, +1.25% on the local A's and +2.00% on the local B's. Cant see how JPY is not favorable. The overnight rate there is -0.6% so cost basically net 0 coupon plus FX hedge cost.

So my read is the recent notes is more sharply priceed which would support the net interest margin.

Please correct me if I have this wrong.

Expand

from todays presentation the RMC execs are saying this new facility is better than previous arrangemnets. So assuming I've got this right.

RMC Price at posting: 99.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 4 more messages in this thread...

First 5 Last

Add RMC (ASX) to my watchlist

(20min delay)
Last $1.00		Change -0.020(1.96%)		Mkt cap ! $400M

Open	High	Low	Value	Volume
$1.00	$1.00	98.0¢	$33.11K	33.12K

Buyers (Bids)

No.	Vol.	Price($)
1	5000	97.0¢

Sellers (Offers)

Price($)	Vol.	No.
$1.00	255	1

View Market Depth

No.	Vol.	Price($)
1	5000	0.970
2	33490	0.965
2	51042	0.960
1	5000	0.950
2	25500	0.940

Price($)	Vol.	No.
1.000	255	1
1.010	300	1
1.020	3000	1
1.025	25000	1
1.030	16714	3

Last trade - 16.10pm 06/05/2024 (20 minute delay)


Last $1.00			Change -0.020 ( 1.43 %)
Open	High		Low	Volume
$1.00	$1.01		99.5¢	2387
Last updated 15.29pm 06/05/2024 ?

RMC (ASX) Chart

SPONSORED BY