The fine print is sometimes the important bit... in finance, if you read the fine print and someone else doesn't, they give you a prize sometimes. The average retail investor should be aware that it's the business of lots of people to read that fine print.
I was trying to reconcile why SZL was trading under terms... take out the funding and borrow costs (maybe 8 months at let's say 6%(ouch!)) and that left maybe 8 cents. The rest is due to risk of the deal falling over (and SZL falling/cut adrift). Z1P at $1.72 vs SZL at $1.51 means the deal is not priced at 100% likelihood of completion in its current form. Given the cash position of SZL, its cash burn rate and the permitted financing in the agreement, I don't see a tractable solution without restructuring the deal.
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Last
$2.79 |
Change
-0.010(0.36%) |
Mkt cap ! $3.642B |
Open | High | Low | Value | Volume |
$2.80 | $2.81 | $2.74 | $25.49M | 9.190M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 11942 | $2.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.79 | 30971 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2857 | 2.780 |
8 | 74759 | 2.770 |
6 | 75873 | 2.760 |
38 | 487615 | 2.750 |
17 | 328900 | 2.740 |
Price($) | Vol. | No. |
---|---|---|
2.790 | 30971 | 2 |
2.800 | 211817 | 15 |
2.810 | 445497 | 7 |
2.820 | 251492 | 13 |
2.830 | 29800 | 6 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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