Net cash position on 30th September is A$ 1.93 billion. With likely cash generation of A$ 1.5 billion for December Qtr, The total cash availability as on 31st December is estimated to be about A$ 3.4 billion. About 38 million shares have been purchased as on 31st December for a cost of A$ 350 million. This leaves more than A$ 3 billion cash after share buyback as on 31st December. I think dividend should be more than A$ 1 and could be as high as A$ 1.5 with plenty of cash for buyback and the final dividend in September will be more than A$ 2.
The only risk I can see is change of Government in NSW in March and an increase in royalty in line with QLD Govt. These are extra ordinary times for coal companies with all stars aligned in their favour.
DYOR.
2nd Qtr Results, page-7
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Last
$7.65 |
Change
0.020(0.26%) |
Mkt cap ! $6.399B | |||
| Open | High | Low | Value | Volume |
| $7.69 | $7.71 | $7.64 | $24.66M | 3.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 22151 | $7.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.66 | 12306 | 2 |
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