Cheers mate, I do not think that is that banks get spooked. The short term debt has been an enduring part of their balance sheet- it is per opex rather than capex. They have been capital light for some time- hence little capital to secure long term debt against- no matter how big they may be.
Is it sustainable?
2023 Shareholder Equity is almost exactly the capital raised since post-GFC. Everyone struggled in the GFC but ELD lost the lot and quickly.
The 2009 AR included a table showing 10 years results. The story given was- years of profits and dividends then, whamo, a black swan event.
Was it really the GFC- or had they been found swimming without trunks when the tide went out?
Something like that.
The point is- exposed to El Nino etc or exposed to economic shocks carrying expensive short term debt?
IMHO DYOR
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$8.59 |
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Mkt cap ! $1.348B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 712 | $8.58 |
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Price($) | Vol. | No. |
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$8.59 | 4713 | 7 |
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No. | Vol. | Price($) |
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15 | 1774 | 8.600 |
9 | 1457 | 8.590 |
7 | 1803 | 8.580 |
7 | 1977 | 8.570 |
Price($) | Vol. | No. |
---|---|---|
8.620 | 600 | 10 |
8.630 | 2318 | 9 |
8.640 | 3677 | 9 |
8.650 | 4966 | 8 |
8.660 | 20603 | 5 |
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