OEL 0.00% 1.3¢ otto energy limited

Ann: OTTO PROVIDES UPDATE ON TIMETABLE FOR RETURN OF CAPITAL, page-26

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  1. 9,299 Posts.
    lightbulb Created with Sketch. 766
    Worth applying a few caveats here to normalise those figures if the company is a shell going forward

    on the income side

    - Production uptime has been significantly impacted on SM71 in the past 6 months they have had >4 weeks of downtime and freezing temps impacted production in December through January. Expect this has resulted in income for the 6 months being USD$1m lower than it would of been.

    on the cost side

    - one off staff/admin/corp restructure costs - down sizing the team (getting rid of Mike U & VP exploration etc). Cost ~$0.5M

    - One off development costs - cost $2.2M

    So net net this should improve your numbers from $2.3M to $6M - annualising to $12M which would bring down the PE from your 3x-4x to <1.5x
    Last edited by boysy1: 09/03/24
 
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