Key takeaways
- Illustrative only. It is a rough educational illustration — not an offer, quotation, commitment, or advice; actual terms are confirmed only after a senior principal reviews the actual holdings.
- Runs in your browser. All calculation happens client-side; nothing is sent, submitted, or stored, and closing the page discards everything you entered.
- A verdict, never a ratio. The output is one of three plain-English readings — a lower, mid-range or higher advance — because no honest loan-to-value exists before the actual counter and holding have been reviewed.
- Driven by the real determinants. It weighs liquidity and free float, volatility, concentration, sector, board, recourse, and size against one another — the same drivers this site names as the real determinants of what can be advanced.
The calculator is deliberately simple and fully disclosed, so you can see exactly what it does. It has no starting band and no published ratio. Instead it weighs the drivers this site names in what sets the LTV on a Bursa share — liquidity and free float, volatility, concentration relative to float and daily volume, sector and event risk, board, recourse, and position size — and reports where their balance lands. It does not invent a rate, and it never converts your inputs into a sum.
- No starting band. There is no anchor ratio to move within, because loan-to-value is a property of the collateral rather than of the product. The tool begins from a neutral reading of the counter.
- Liquidity & free float. Deep, liquid, wide-float counters point toward a higher advance; thin turnover and a tight float point lower, because the collateral is harder to realise without moving the price.
- Volatility. Higher volatility needs a wider buffer, so it points toward a lower advance; a stable, defensive counter supports more at the same comfort.
- Concentration. A holding worth many days of trading volume is sized more conservatively than one that could be absorbed in an afternoon.
- Sector. Sector is shorthand for a counter's typical liquidity, volatility, and event profile, and colours the reading accordingly.
- Recourse. A non-recourse preference removes the lender's claim beyond the collateral, which argues for a more conservative advance; full recourse can support a little more headroom.
- Size. Very large positions are read with more care relative to float and volume, so scale is a mild downward factor at the extremes.
| Driver | Effect on the advance |
|---|---|
| Liquidity / daily turnover | Deep, liquid turnover points toward a higher advance; thin turnover points lower, because the collateral is harder to realise without moving the price. |
| Volatility | Higher volatility needs a wider buffer, so it points toward a lower advance; a stable, defensive counter supports more at the same comfort. |
| Free float / concentration | A wide free float supports a higher advance; a tight float, or a holding worth many days of trading volume, is sized more conservatively. |
| Sector | Shorthand for a counter's typical liquidity, volatility, and event profile; it colours the reading accordingly, but the specific counter — not the sector alone — decides the real terms. |
| Recourse profile | Full recourse can support a little more headroom; a non-recourse preference removes the lender's claim beyond the collateral and argues for a more conservative advance. |
| Position size | Very large positions are read with more care relative to float and volume, so scale is a mild downward factor at the extremes. |
The output is always a verdict, never a ratio, always labelled illustrative, and never a number dressed up as a quotation. The real loan-to-value is an output of reading your specific counter and holding — something a senior principal does after a confidential enquiry, not something a web form can settle. Use this to build intuition; then share the counter for a reviewed answer.