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0.9¢ aj lucas group limited

Are you implying all of the CR cash was used to pay down debt?...

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Diego88

54 Posts.

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27/10/22

18:22

Post #: 64439114
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Originally posted by SunderlandTech: ↑

Interest and bank fees was only $17m in full year 2022. Total finance costs of $21m include a $4m foreign exchange loss. After the recent capital raise the debt is only $90m. So the interest should reduce to $14m. Half the interest cost is owed to controlling shareholder Kerogen who capitalise the interest. Thus only $8m in interest was actually paid in 2022, according to the statement of cashflows.

AJ Lucas had a net loss of $11m in 2022. If we add back $4m foreign exchange loss, $3m in interest savings from lower debt, $1 million in UK head office expense, and $1m evaluating M&A opportunities, then AJ Lucas is close to breaking even.

Before the war started in Ukraine, the market cap was $36m and the share price was 3 cents. Now AJL has an extra $20 million so the market cap should be about $56m. There are now $1.4 billion shares issued so the share price should be 56/1400 = 4 cents.

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Are you implying all of the CR cash was used to pay down debt? If not, then that's not how interest on debt works. This isn't an offset account on your mortgage.

AJL Price at posting: 3.7¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $12.38M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$3.229K	358.8K

Buyers (Bids)

No.	Vol.	Price($)
2	725000	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	270418	1

View Market Depth

No.	Vol.	Price($)
2	725000	0.008
5	1335124	0.007
2	795000	0.006
5	600000	0.005
1	500000	0.004

Price($)	Vol.	No.
0.009	270418	1
0.010	922270	4
0.011	1469054	5
0.012	111667	2
0.016	79432	1

Last trade - 15.01pm 27/08/2024 (20 minute delay)

AJL (ASX) Chart

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