PTN
Click for more information
1.75% 5.6¢ patronus resources limited

Hi 77,Re: "payables to residents". My understanding is the...

  1. Relexivity
    54 Posts.
    clock Created with Sketch.
    25/06/08
    07:34
    Post #: 3904236
    Hi 77,

    Re: "payables to residents".

    My understanding is the following - residents do not buy the homes, they loan the purchase price to PrimeTrust which entitles them to live in the home till they move. When the home is "re-sold", the resident get their loan back less the deferred management fee. Then PrimeTrust gets to "sell" the same home again! I'm only guessing, but given the nature of the loan - I don't believe Primetrust pays any interest on it??? But is it a liability and has to be on the balance sheet. However, I stand to be corrected.
    PTN Price at posting: 0.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

AVR Anteris the latest to flee a struggling ASX for Wall Street's NASDAQ
right-arrow Created with Sketch.
NEWS Unchanged wage growth in June quarter, but public sector leaps ahead
right-arrow Created with Sketch.
MKG Mako reports shallow high grade gold in scout drilling at Tchaga North
right-arrow Created with Sketch.
JBH JB Hi-Fi reports $9.59 billion in sales for FY 2024, snaffles home retailer E & S Trading Co
right-arrow Created with Sketch.
NEWS Finding financial stability when inflation's out of control
right-arrow Created with Sketch.
BPT Beach Energy profits fall -11% in FY24 on back of higher costs in Cooper Basin
right-arrow Created with Sketch.
watchlist Created with Sketch. Add PTN (ASX) to my watchlist
(20min delay)
Last
5.6¢ 		Change
-0.001(1.75%) 		Mkt cap ! $65.97M
Open High Low Value Volume
5.7¢ 5.7¢ 5.5¢ $12.10K 217.5K

Buyers (Bids)

No. Vol. Price($)
1 168502 5.6¢
 

Sellers (Offers)

Price($) Vol. No.
5.7¢ 8827 1
View Market Depth
Last trade - 15.59pm 14/08/2024 (20 minute delay) ?
PTN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.