The fact that western financial institutions are very reluctant to have any credit arrangement with a coal company due to ESG concern, resulting any type of M&A of this size at a reasonable finance cost can be only financed by credit providers from the coal consumption heavy countries.
The acquisition and large dividend payment is still an either/or situation. I am sure the independent directors on the board have a fundamental aligned interest to look after the minority shareholders. A lot of decisions need to be made by only them as directors from related parties MUST avoid conflict of interest.
In my view, either through a debt deal with the parent or a syndicated loan with a group of Chinese banks, the M&A need to get the low cost finance to realise maximum shareholder return, with the current interest rate in AU/US, I think the company might well get a better deal if they finance with a Chinese partner since PBOC is actively looking to reduce interest rate. As long as the rate published in the asx filings are reasonable, I don't mind a Chinese finance partner.
- Forums
- ASX - By Stock
- Ann: Half-year Financial Results 2023 Presentation
The fact that western financial institutions are very reluctant...
-
- There are more pages in this discussion • 11 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 YAL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.06 |
Change
0.060(1.00%) |
Mkt cap ! $8.015B |
Open | High | Low | Value | Volume |
$6.03 | $6.07 | $6.00 | $1.186M | 196.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 5210 | $6.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.06 | 5391 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 4926 | 6.050 |
15 | 11451 | 6.040 |
12 | 30771 | 6.030 |
8 | 11947 | 6.020 |
8 | 27918 | 6.010 |
Price($) | Vol. | No. |
---|---|---|
6.060 | 4471 | 8 |
6.070 | 3226 | 6 |
6.080 | 25244 | 6 |
6.090 | 2767 | 3 |
6.100 | 8371 | 4 |
Last trade - 11.29am 20/06/2024 (20 minute delay) ? |
Featured News
YAL (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online