Can someone please explain to me why we should buy a company that needs to spend as much in capex as it generates in operating profit?
What am I missing here? This report looks lousy (look at 12 month total figures). Not even CE1's capex spend vs operating profit is this bad (they were hit by the particularly bad hedges).
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- Ann: Quarterly Activities Report and Appendix 5B - December 2022
Ann: Quarterly Activities Report and Appendix 5B - December 2022, page-66
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