Hi Lost.
Another interview with Marc Lasry last night on CNBC.
He runs a similar size specialty lending fund as VPC about $6bil.
He indicated normal lending rates to small enterprises usually range between 8-12% but with interest rates rising under the current low liquidity circumstances at the moment they are charging between 12-15%.
As per our recent meeting with Paul he suggested VCP profited from the margin above 8% and also benefited more as rates increased.
Marc went on to indicate business was extremely brisk and profitable under current conditions.
Looking very good for VPC with more capital raisings and I would expect some large performance fees.
Cheers Greg
Someone shorting PAC with more shares than what there are sell orders for, page-6
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Last
$10.40 |
Change
0.340(3.38%) |
Mkt cap ! $536.3M | |||
| Open | High | Low | Value | Volume |
| $10.07 | $10.56 | $9.99 | $1.554M | 151.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 137 | $10.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.49 | 290 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$10.46 |
Change
0.340 ( 4.60 %) |
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| Open | High | Low | Volume | ||
| $9.99 | $10.50 | $9.99 | 5608 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| PAC (ASX) Chart |