Yes the reduction in interest cost and resultant increase in FCF is a positive, driven in part by a once off tax deduction.
I admit to ignorance on these refinancing deals but did note the extension of maturity from 6 to 8 years. APA’s debt to equity was last reported at 475%, net gearing increasing to 305%, with net interest cover ~2. I wonder if the market is looking more at the level of indebtedness.
I also note the $148M once off charge related to the bond redemptions. This may be within the guidance range but it still comes at a cost.
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- Ann: Completion of Bond Note Redemptions
Ann: Completion of Bond Note Redemptions, page-4
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Last
$7.90 |
Change
0.000(0.00%) |
Mkt cap ! $10.13B |
Open | High | Low | Value | Volume |
$7.96 | $8.02 | $7.89 | $15.19M | 1.912M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 40952 | $7.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.94 | 14318 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 2068 | 7.900 |
1 | 2540 | 7.890 |
4 | 2576 | 7.880 |
1 | 1300 | 7.870 |
3 | 3001 | 7.860 |
Price($) | Vol. | No. |
---|---|---|
7.980 | 16418 | 2 |
8.010 | 5000 | 1 |
8.020 | 80105 | 6 |
8.030 | 3656 | 3 |
8.040 | 7647 | 3 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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