Is this the first time they've shared the $255m per year (in average) available for shareholders? (I assume that's code for dividends).
2.888b shares, plus 311m shares from CNs = 3.2b shares. $255m / 3200m =$0.08 per share dividend every year.
First salt on ship is the last quarter of 2026 (around 18 months away).
Maybe my maths is wrong, and obviously there are a few variables at play here, but it looks like if you're happy to buy now and wait, you can pay 27.5c per share and get a 29% per annum return on that investment in a few years time. (8/27.5). plus any upside from port revenues. Plus capital gain on the share price. or have I missed a tonne of dilution?
Keen for others' thoughts.
BCI Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
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