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1.1¢ aj lucas group limited

They will probably do CR to pay off their debt sooner.

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Ichimokou

799 Posts.

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28/07/21

18:40

Post #: 54847194
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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.

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They will probably do CR to pay off their debt sooner.

AJL Price at posting: 3.2¢ Sentiment: None Disclosure: Not Held
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2 Great analysis

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(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