Australia's largest stock trading and investment forum Australia's #1 stock forum

AJL

Click for more information

0.00%

1.1¢ aj lucas group limited

Lol. That's fantastic news for long term holders of this great...

First 53 Last

Share
Profile

Follow
tgn01

2,901 Posts.

179

28/07/21

00:00

Post #: 54823003
Share

Originally posted by SunderlandTech: ↑

All management need to do is slowly grow the Australian drilling business and pay off the debt. The interest rate is about 16% so debt repayment should be the priority.

AJ Lucas is making a $24 million annual profit (EBITDA - depreciation) from the Australian drilling division and paying $18 million/year in finance. As the debt reduces, the finance expense goes down and the $106 million debt can be paid off in about 7 years. With no debt, the share price might be around 12 cents in the year 2028.

Expand

Lol. That's fantastic news for long term holders of this great business isn't?? Many of us bought at average 45c in 2015 and recently in capital rise at 32c and will have to wait until 2028 to get 12c back.
That's fantastic job by the company.

AJL Price at posting: 3.6¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 6 more messages in this thread...

First 53 Last

Add AJL (ASX) to my watchlist

(20min delay)
Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $15.13M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.1¢	$7.15K	650K

Buyers (Bids)

No.	Vol.	Price($)
1	83700	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	1046148	4

View Market Depth

No.	Vol.	Price($)
1	83700	0.011
11	2479099	0.010
5	1200099	0.009
3	800000	0.008
2	220000	0.007

Price($)	Vol.	No.
0.012	1046148	4
0.013	878773	7
0.014	268857	4
0.015	250000	2
0.016	79432	1

Last trade - 14.04pm 16/05/2024 (20 minute delay)

AJL (ASX) Chart