Thank you SMR directors for a very merry pre-Christmas dividend.
Very pleasant and unexpected surprise. I had expected that something would be paid around the announcement of the CY23 results in February but to get a dividend in advance was pleasing.
Outlook seems to be ok but the softening in the PCI price due to lower blast furnace usage is perhaps the only negative in the presentation.
An estimation of the adjusted free cash flows for 2023 for the purpose of calculating a dividend would be interesting but would require so many assumptions it would probably be meaningless. That said, once the final acquisition facility and contingent proceeds are paid then the potential dividends could be significant.
Merry Christmas
BSP
NFA, GLTAH, DYOR
SMR Price at posting:
$3.80 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)