OBL 6.34% $1.51 omni bridgeway limited

Jimmy with respect to: IMF CANNOT AND WILL NOT EVER BE ABLE TO...

  1. 631 Posts.
    lightbulb Created with Sketch. 72
    Jimmy with respect to: IMF CANNOT AND WILL NOT EVER BE ABLE TO RAISE DEBT EQUIVALENT TO 75% OF THE COST OF ITS INVESTMENTS AT 7.5% P.A. SO THE COMPARISON IS IRRELEVANT.

    Isn't this what our main competitors (BUR) do? They raise debt (bonds) at a rate lower than 7.5% p.a - in the 6's last time I checked.

    I have no doubt that the current structure when rolled forward is a vast improvement on where we have been (and over time the market will realise this and it will get reflected in the share price) but I do view it as more expensive financing than BUR debt (bonds). The fact this financing is non recourse probably lowers our risk profile relative to BUR and I also like the scalability factor that the finance provides us vs bonds - which will start to get even more attractive if can hit and exceed our case commitment budgets this year.
 
watchlist Created with Sketch. Add OBL (ASX) to my watchlist
(20min delay)
Last
$1.51
Change
0.090(6.34%)
Mkt cap ! $426.6M
Open High Low Value Volume
$1.43 $1.54 $1.43 $1.114M 758.6K

Buyers (Bids)

No. Vol. Price($)
1 688 $1.45
 

Sellers (Offers)

Price($) Vol. No.
$1.54 10000 1
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$1.52
  Change
0.090 ( 6.27 %)
Open High Low Volume
$1.45 $1.53 $1.44 77723
Last updated 15.59pm 29/03/2024 ?
OBL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.