I'm not sure I really get their figures.
The half yearly report showed that FEX's profit from the JV was $2.1m on 677k tonnes ore hauled. At 100% ownership that means they made profit of $4.2m, which is only around $6.16 / FOB tonne (at 100%), so the incremental gain for FEX is only around $3.08, nowhere near the $10 stated.
The multiple of the transaction doesn't look too bad.
Using the 6 month run rate shown in the half yearlies, thats profit of $4.2m, annualised is $8.4m over a transaction cost at a 100% basis of $69m, is a P/E multiple of 8.3 so its not too bad but I'm not sure where their calculation of $10 / FOB saving comes from. That would suggest that their profit is a lot higher than was shown in the half yearly statement.
- Forums
- ASX - By Stock
- FEX
- Ann: Fenix acquires Mid-West haulage business
Ann: Fenix acquires Mid-West haulage business, page-19
- There are more pages in this discussion • 135 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FEX (ASX) to my watchlist
(20min delay)
|
|||||
Last
30.5¢ |
Change
-0.010(3.17%) |
Mkt cap ! $211.8M |
Open | High | Low | Value | Volume |
30.5¢ | 31.0¢ | 30.5¢ | $32.24K | 104.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 24389 | 30.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.0¢ | 30806 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 24389 | 0.305 |
8 | 166830 | 0.300 |
3 | 230000 | 0.295 |
1 | 35000 | 0.290 |
4 | 452020 | 0.285 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 241679 | 7 |
0.320 | 1031085 | 14 |
0.325 | 505355 | 9 |
0.330 | 233317 | 3 |
0.335 | 50242 | 2 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
Last
30.5¢ |
  |
Change
-0.010 ( 0.97 %) |
|||
Open | High | Low | Volume | ||
30.5¢ | 31.0¢ | 30.5¢ | 106078 | ||
Last updated 15.59pm 10/05/2024 ? |
Featured News
FEX (ASX) Chart |