I've been saying for ages they needed fresh blood from outside to run this company properly and finally Stokes has had enough and made the change.
I still maintain the biggest issue for the company is the falling reserves as this seriously needs to be addressed by acquiring new assets.
The reserve statement will be the key thing the analysts will be looking at in next weeks full year results.
All this talk about 6 to 10 cent future half yearly dividends is total fantasy as yes in 2 years time the company might be generating that level of surplus cash but it will all be needed to invest in new assets as the company has only got around 13 years of P2 reserves left and most of that is Gas and not oil.
I do see this change as a positive step forward for Beach.
I've been saying for ages they needed fresh blood from outside...
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Last
$1.59 |
Change
-0.010(0.63%) |
Mkt cap ! $3.627B | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.62 | $1.59 | $15.07M | 9.421M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 154568 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 13954 | 2 |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.60 |
Change
-0.010 ( 0.62 %) |
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| Open | High | Low | Volume | ||
| $1.62 | $1.62 | $1.59 | 1587849 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| BPT (ASX) Chart |