Brighte secured a $15 million debt facility with Bank of Queensland

  • Oct 03, 2018 AEST
  • Team Kalkine
Brighte secured a $15 million debt facility with Bank of Queensland

Recently, Bank of Queensland Limited (ASX: BOQ) offered a $15 million debt facility to Brighte which was successfully secured. Brighte is a platform which provides home energy products on credit basis. According to the BOQ Finance chief executive Adam McAnalen, there has been a significant increase in the number of Australian households which are planning to make their homes more energy efficient and sustainable.

Since October 2016, Brighte has approved 11,000 payment plans which amounted to $90 million. And from these plans, 94 percent are for home energy equipment which runs on renewable energy such as batteries and solar panels. The total securities of Brighte have now reached to $45 million after securing a $15 million debt facility with Bank of Queensland. While continuing on its emphasis on energy efficiency, Brighte is planning to expand its interest-free lending into associated areas such as air flooring and conditioning. According to the Brighte recent announcement, from 16 October 2018 Brighte’s $75 sign-up fee and varying monthly and fortnightly fees will be scrapped and instead, the homeowners will be charged a weekly fee of $1 as well as a late fee on tardy payments of $4.99 a time. 

It is expected that Brighte’s sales will increase after this, as homeowners will not have to get personal loans to finance the improvements or to extend their mortgages. Brighte has also given assurance that although it is unregulated, the company is never going to lend money to a homeowner which the company believes will not be able to pay back.

BOQ’s share traded at $10.790 with a market capitalization of circa $4.28 billion as on 3 October 2018(AEST 12:25 PM).

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK