No surprise that 'Net Debt Outlook' and 'Debt Reduction Activities' were first slides in this presentation.
Alliance has significantly increased its long term debt (~800%) since 2020 to fund its fleet expansion, with a notable increase in financing through bank loans. Unfortunately, this during a period of interest rates hikes affecting its financing costs. Net interest expenses are trending higher:
Management contends its debt reduction program will enable consideration to reinstatement of dividends. History of earnings and forecast earnings suggest this may not materialise. Market sentiment is against it:
No surprise that 'Net Debt Outlook' and 'Debt Reduction...
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Last
$2.62 |
Change
-0.010(0.38%) |
Mkt cap ! $421.6M | |||
| Open | High | Low | Value | Volume |
| $2.63 | $2.63 | $2.58 | $48.88K | 18.70K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1800 | $2.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.62 | 77 | 1 |
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| Last trade - 16.10pm 01/07/2025 (20 minute delay) ? |
| AQZ (ASX) Chart |