Things are looking good. FY22 EBITDA guidance increased again to $103.5m to $110.1m, with $70m plus of that EBITDA occurring in the second half. It would be reasonable to expect around $40m of that $70m H2 EBITDA to be retained as cash, giving a total cash balance at year end of around $80m or getting close to half of their current market cap. That's a pretty big pot of cash to start paying dividends from.
That's before we start factoring in how good a year FY23 is likely to be at current export prices.
Looking forward to the March and June results.
Ann: Ord Minnett East Coast Mining Conference, page-2
Add BRL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
84.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $160.7M | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 84.0¢ | 82.5¢ | $109.5K | 131.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21559 | 82.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.0¢ | 33981 | 1 |
View Market Depth
| Last trade - 15.59pm 24/05/2024 (20 minute delay) ? |
| BRL (ASX) Chart |