I see the buyback option as confirmation of the Management confidence for FY 23. If Q1 performs strongly, management is already alluding it, this will drive the price up. I believe they have a pretty good picture of projected Q2 numbers.
For effective financial planning the Finance team should have plotted the cashflow movements for next 12 months - subject to assumptions notably on both coal sales/price and FEX rates. They may have already taken forward FEX contracts to lock in favourable AUD revenue.
In my view, TER should expect a very strong Q1 and H1. Supported by buybacks and high dividend payouts, I expect TER share to be rerated post Q1 results.
I see the buyback option as confirmation of the Management...
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Last
22.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $180.2M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 22.0¢ | $345.1K | 1.539M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 141198 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 28039 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| TER (ASX) Chart |