AJL 0.00% 1.0¢ aj lucas group limited

242 cps on balance with a share buy back operating and forecast...

  1. 4,234 Posts.
    242 cps on balance with a share buy back operating and forecast profit of $70m. In this market, what a solid company. Happy to hold for the long term.

    I like the use of the word foolish in the summary. One of the best no bs reports I have seen in a while. Again a good indication that AJL know what they are up against which should give some confidence that they can deliver through this next phase and beyond.

    I see ATP615 is continuing to be drilled and prove up some reserves. Given they have already said it is for sale, looks like they did not get what they wanted for it and will now wait until better 2P numbers before considering a sale. Could be a nice cash pump in next FY as well.

    Great news today!

    SF
 
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Last trade - 16.12pm 12/07/2024 (20 minute delay) ?
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