Lattice acquired 27.77% of otway for $190m late last year - that would have valued Otway at 703m. Todays news vals Otway at $860m, up 22%.
Outlook for five year FCF is unchanged at 2.3b, plus they get $344m. There is higher FCF nearer term, and lower later term. Does that mean we can have some big divvies now?
I liked it that the previous outlook had a big annual cashflow number for the market to anchor onto in FY23, but the analysts didn't really trust that number without more detail coming through, and were concerned about the amount of cap ex required. Today we have a nearer term +ve cashflow outlook that is able to be plugged into a DCF. Will be interesting to see what the market thinks.
Ann: FY19 guidance update following Otway sell down, page-3
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Last
$1.27 |
Change
0.000(0.00%) |
Mkt cap ! $2.885B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.29 | $1.25 | $3.688M | 2.916M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 164998 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 6930 | 1 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| BPT (ASX) Chart |