Latest Appendix 4C for CGA, manager of majority of CTN monies. Shows $750k of borrowings. New Loan. Unsecured and 5.25% interest rate. So well done All Fuelled Up. AFU raised this spectre. No need to borrow unless have to?
And more - why borrow when "receipt from customers" gone ballistic?
Yoda sees "receipts from customers" at $1,349,000 for March 2017. Previous quarter(December 2016), was $759,000. CGA listed late September 2016.
Prima Facie thats a jump of $590,000 for one quarter. Annualised $2,360,000.
If charge at 1% p.a. that means extra new fum of $236 millions.
If charge at 0.5% p.a? , means extra new fum of $472 millions.
But Yoda dont recall CGA announcing a big mandate win? Or announcing a big jump in fum?
So how to explain ?
Could it be big win and CGA too modest? Could it be clients paying in advance? Could it be mushroom risotto? Spaghetti con funghi?
Yoda feels like mushroom again. CGA please explain.
CGA borrowing $
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