Yes the reduction in interest cost and resultant increase in FCF is a positive, driven in part by a once off tax deduction.
I admit to ignorance on these refinancing deals but did note the extension of maturity from 6 to 8 years. APA’s debt to equity was last reported at 475%, net gearing increasing to 305%, with net interest cover ~2. I wonder if the market is looking more at the level of indebtedness.
I also note the $148M once off charge related to the bond redemptions. This may be within the guidance range but it still comes at a cost.
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- Ann: Completion of Bond Note Redemptions
Ann: Completion of Bond Note Redemptions, page-4
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Last
$7.98 |
Change
-0.010(0.13%) |
Mkt cap ! $10.24B |
Open | High | Low | Value | Volume |
$8.02 | $8.02 | $7.95 | $22.70M | 2.846M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9727 | $7.97 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.98 | 2584 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 282571 | 8.540 |
1 | 130 | 8.370 |
1 | 860 | 8.300 |
1 | 4 | 8.000 |
2 | 3591 | 7.980 |
Price($) | Vol. | No. |
---|---|---|
7.590 | 1202 | 1 |
7.710 | 838 | 3 |
7.830 | 21563 | 4 |
7.840 | 243 | 1 |
7.940 | 11142 | 1 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
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