An "ok" quarter but the future looks exciting for S32
My key take away
-> Net debt ticked below $1B. With substantially higher commodity price in last quarter of FY24 we will have a very decent print as of 30th June 2024. Lets assume somewhere between 600M to 750M
-> The upfront portion of Coal divestment proceeds will make its way into the bank FY25 with the contingent portion coming in later
-> Hermosa capex of $2B will easily be funded by Coal divestment proceeds and cash generated from operation without dipping too much into the Debt facility
-> S32 balance sheet capacity is well in access of organic growth opportunities. We can very easily acquire a pre-construction project of scale and deploy the balance sheet (I am sure Sandy will be very pleased with the commodity prices seeing the massive impact it has on the debt repayments)
-> Lastly, this also makes us a target. With Coal now all but gone and base metals constituting a majority of revenue there will be eyes on us!
Ann: Quarterly Report - March 2024, page-18
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Last
$3.87 |
Change
0.020(0.52%) |
Mkt cap ! $17.52B | |||
| Open | High | Low | Value | Volume |
| $3.89 | $3.89 | $3.85 | $51.30M | 13.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 120584 | $3.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.88 | 395083 | 14 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
$3.86 |
Change
0.020 ( 0.32 %) |
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| Open | High | Low | Volume | ||
| $3.88 | $3.89 | $3.85 | 10283109 | ||
| Last updated 15.59pm 06/06/2024 ? | |||||
| S32 (ASX) Chart |