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
$8.01 |
Change
0.025(0.31%) |
Mkt cap ! $10.29B |
Open | High | Low | Value | Volume |
$7.97 | $8.03 | $7.93 | $7.863M | 984.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 24057 | $8.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.01 | 4786 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 29264 | 8.000 |
14 | 15260 | 7.990 |
12 | 21485 | 7.980 |
13 | 39093 | 7.970 |
8 | 69408 | 7.960 |
Price($) | Vol. | No. |
---|---|---|
8.010 | 4436 | 18 |
8.020 | 23032 | 15 |
8.030 | 41830 | 14 |
8.040 | 16310 | 8 |
8.050 | 80447 | 11 |
Last trade - 11.09am 18/07/2024 (20 minute delay) ? |
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