I think the deal was probably just too good to miss, so they paid the 10% and hoping for a 20% return at a guess. You are right the existing balance sheet cannot take more leverage and so went with the SPV for now....probably more deals to come like this. Key is getting the refinancing done now...
News: PNC Pioneer Credit Says Acquired A Debt Portfolio From Panthera Finance, page-12
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Last
50.0¢ |
Change
-0.005(0.99%) |
Mkt cap ! $67.33M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 47.5¢ | $282.4K | 567.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 234001 | 3 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
50.0¢ |
Change
-0.005 ( 0.99 %) |
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| Open | High | Low | Volume | ||
| 50.5¢ | 50.5¢ | 48.5¢ | 105280 | ||
| Last updated 15.59pm 13/06/2024 ? | |||||
| PNC (ASX) Chart |