I probably would have bought back in on the results expect for what I read in Section 6. Receiver appointed to a customer of the finance division. Amount owed $440k which will be recoverable through asset sales, insurance and an agreement with directors to underwrite any shortfall.
It's not sustainable to have the directors underwrite a loss. Any losses need to go through the P&L as they are a normal part of lending money. So my initial view is they are propping up NPAT by under-provisioning
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $54.44M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 20.0¢ | $19.31K | 95.68K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39767 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 84543 | 2 |
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| Last trade - 15.39pm 03/07/2025 (20 minute delay) ? |
| EPY (ASX) Chart |