YAL 0.08% $6.19 yancoal australia limited

Ann: Yancoal debt prepayment of US$459 million, page-9

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  1. 5,287 Posts.
    lightbulb Created with Sketch. 753
    This was an expected and welcomed outcome.

    In the absence of purchasing a non coal asset in the name of diversification, which would or would not be beneficial, the repayment of debt allows more franking credits to accumulate.

    Considering Coal stocks are now a dividend play for the next 10 years, Franking credits are king.

 
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