DCL 0.00% 1.1¢ domacom limited

Hi Occam, Sorry so I've been away , so haven't had much of a...

  1. 424 Posts.
    lightbulb Created with Sketch. 11
    Hi Occam,

    Sorry so I've been away , so haven't had much of a chance to look at this until today.

    I get what you are saying , but why go through the theatrix of announcing private funds, then Institutional investors. IMO seems all a bit grandiose a bit like a Kidman, Lloyds or TheBlock tag.

    Last I read in the following article:

    https://aimgroup.com/2018/06/14/domacom-secures-75-million-u-s-lending-facility/

    Domacom had arranged a $75USD million line of credit.

    Seriously this is is not domestic funding through La Trobe or any body local........

    So who's carrying the translation FX exposure on principal and interest on the drawn and undrawn LOC, not forgetting the basis mismatch between the RBA and the Federal Reserve on the OCR.

    All seems just wash ATM, not to mention positive gearing at 60% LVR.

    Cheers
 
watchlist Created with Sketch. Add DCL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.