I would prefer the protect downside with some puts and leave upside intact
Irrespective, based on current brent price, they should be earning about 65-70m AUD free cash flow per annum and that should be sustainable for at least next two years assuming similar brent aud price. therefore one would assume another 5- 6 c in dividends over next 24 months should be very achievable
Ann: Announcement of Share Capital Reduction, page-30
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $308.8M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.5¢ | $83.57K | 442.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 53 | 1838045 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 349931 | 8 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| HZN (ASX) Chart |