$50m cash collected in 6 mnths + $32m loan limit = $82m available.
$30m to run business 6 mnths + $40m loan purchased (50%)+ $24m loans given out = $94m.
Difference is only $12m, hardly a lot in the scheme of things considering the default rate,net assets & track record of the company.
(2nd half shortage is a further $20m on same basis).
Do you really think the company would make such plans without having a plan to finance them?
Especially considering they have just maintained the dividend payout ratio.
If you're concerned contact the company, I'm not.
Ann: Annual Report to shareholders, page-6
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Last
61.0¢ |
Change
-0.020(3.17%) |
Mkt cap ! $73.69M | |||
| Open | High | Low | Value | Volume |
| 61.0¢ | 61.0¢ | 60.0¢ | $53.12K | 87.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11787 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 2007 | 2 |
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| Last trade - 11.51am 18/11/2024 (20 minute delay) ? |
| PNC (ASX) Chart |
