They can't buy back all the prefs before conversion. However, for every amount they do buy back they are using USD to pay back AUD debt and a lower amounts will be converted to ordinaries & finally a lower distribution to pay in January. To understand the calculation of net debt and geraing see the quarterly report Gearing after repayment of the prefs is around 50%, little high, I suggest that we need it around 40%. The Atlantic loan (4%) is fixed for about another 4 years from memory. Late 2023 I am expecting distributions to restart. This does depend on the discount to NAV as still more logical to buy back if the discount to NAV is large.
- Forums
- ASX - By Stock
- Ann: Fund and NAV Update
They can't buy back all the prefs before conversion. However,...
-
- There are more pages in this discussion • 1 more message 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 URF (ASX) to my watchlist
|
|||||
Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $208.1M |
Open | High | Low | Value | Volume |
29.0¢ | 30.0¢ | 29.0¢ | $351.1K | 1.196M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 326836 | 29.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.5¢ | 41638 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 326836 | 0.290 |
6 | 689082 | 0.285 |
3 | 327745 | 0.280 |
1 | 15000 | 0.275 |
3 | 110529 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.295 | 41638 | 1 |
0.300 | 383690 | 4 |
0.305 | 20477 | 2 |
0.315 | 75170 | 1 |
0.350 | 20000 | 1 |
Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
Featured News
URF (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
Previous Video
Next Video
SPONSORED BY The Market Online