VEN 5.00% 1.0¢ vintage energy ltd

Ann: FY23 Q4 Quarterly Report & Appendix 5B, page-18

  1. 715 Posts.
    lightbulb Created with Sketch. 372
    I think you are right about the AGL pricing. Looking at Q3 revenue of $359K on sales of 44,930GJ is $8GJ which supports your numbers.

    It's hard to reverse engineer the AGL contract but it has a major influence on what VEN's cashflow looks like moving forward. This is my guess on what it could look like based on the little we know.

    AGL deal- $15m pre-payment for 9-16PJ's through to Dec. 26 is two supply tranches. To be provided as a mix of firm and variable pricing at market rates. I assume that AGL don't want to sink VEN so they need to let some cash through and would pro-rate the production over 3 years (24-26)

    1. Two supply tranches, so one deal for the first 9pj's another for the next 7pj's.
    2. The first tranche needs to pay the $15m plus interest, say 20% so $18m (so $2gj)
    3. So the first tranche price could be $10gj? ($8gj cash plus $2 pre-payment)
    4. The remaining 7pj's could then be at variable pricing but with a toll payable to AGL. Say $1gj?

    So AGL's return for $15m pre-payment to VEN would be between $18-25m. Pretty basic but I need something to plug into a spreadsheet!! I put this up in the hopes of getting some discussion going about the AGL deal. Any feedback is welcome.
 
watchlist Created with Sketch. Add VEN (ASX) to my watchlist
(20min delay)
Last
1.0¢
Change
-0.001(5.00%)
Mkt cap ! $15.86M
Open High Low Value Volume
0.9¢ 1.0¢ 0.9¢ $10.52K 1.160M

Buyers (Bids)

No. Vol. Price($)
17 7019011 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 5849690 12
View Market Depth
Last trade - 13.38pm 21/06/2024 (20 minute delay) ?
VEN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.