It will be interesting how the market reacts to the final quarterly. Although there are likely to be few surprises, will this be the reminder that's needed that this company is a cash generation beast?
Current market cap is $2.3 billion - ~$2 billion when the net cash position is considered. At current met coal prices, there is likely to be cash flow well over $1 billion per annum. I think a small dividend would be nice - 5c is $45 million and does not impact SMR's capacity for M&A activity. But it gets SMR on the radar of a new class of investor.
Ann: March 2023 Quarterly Activities Report, page-34
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Last
$3.70 |
Change
-0.010(0.27%) |
Mkt cap ! $3.335B | |||
| Open | High | Low | Value | Volume |
| $3.78 | $3.78 | $3.69 | $2.699M | 727.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11138 | $3.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.72 | 4128 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| SMR (ASX) Chart |