Interest and bank fees was only $17m in full year 2022. Total finance costs of $21m include a $4m foreign exchange loss. After the recent capital raise the debt is only $90m. So the interest should reduce to $14m. Half the interest cost is owed to controlling shareholder Kerogen who capitalise the interest. Thus only $8m in interest was actually paid in 2022, according to the statement of cashflows.
AJ Lucas had a net loss of $11m in 2022. If we add back $4m foreign exchange loss, $3m in interest savings from lower debt, $1 million in UK head office expense, and $1m evaluating M&A opportunities, then AJ Lucas is close to breaking even.
Before the war started in Ukraine, the market cap was $36m and the share price was 3 cents. Now AJL has an extra $20 million so the market cap should be about $56m. There are now $1.4 billion shares issued so the share price should be 56/1400 = 4 cents.
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.38M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $4.541K | 504.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 334391 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 471278 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 334391 | 0.009 |
5 | 1269784 | 0.008 |
6 | 1573058 | 0.007 |
5 | 1411833 | 0.006 |
3 | 600000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 471278 | 3 |
0.011 | 349742 | 3 |
0.017 | 60000 | 1 |
0.019 | 12500 | 1 |
0.020 | 27458 | 1 |
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