The dividend was a bit of a surprise, 14c fully franked. It is now about using the cash on the balance sheet and cashflow from Degrussa/Monty to bring Black Butte and T3 into production in the next 2 years.
UBS believe the cashflow of Degrussa/Monty and the cash on the balance sheet exceeds the current market cap and that Black Butte and T3 are value destructive.
I have thought the market was pricing the stock as an exploration play rather than a company with an operating asset and 2 projects slated for development and commissioning.
Either way a strong value proposition that is signalling and a higher proportion of the cashflows will be returned to shareholders?
Ann: 2020 Full Year Financial Results Presentation, page-2
Add SFR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$10.75 |
Change
0.190(1.80%) |
Mkt cap ! $4.978B | |||
| Open | High | Low | Value | Volume |
| $10.90 | $10.92 | $10.75 | $4.132M | 380.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1805 | $10.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.75 | 671 | 4 |
View Market Depth
| Last trade - 11.43am 08/11/2024 (20 minute delay) ? |
| SFR (ASX) Chart |