Here's the thing ,,,,its more than "just" an over payment .....royalties from Trident , IF they come to fruition , are some 4 years away AND after this years final dividend they are cutting their pay out ratio to 50 % of NPAT.....so last year they had royalties of $230m with a final divi of 16.85c so this year we have Royalties of $240m with a 96% margin or 66% NPAT ....so their NPAT should be around $158m equating to a divi of $158m (100% basis) or 29.89c per share for the year or for the half year until 30 June of 29.89 less half year divi of 14.89c or 15c per share FF.
So this gets cut by at least 50%....so at $4.50p/s it was around 6.6% yield and at $3.80 a share its 3.9% for the next 4 years....this assumes an iron ore price of $120USD/T but now its $101USD/T so you can cut another 20% from their NPAT going forward...All this is all my own calc's etc DYOR....
- Forums
- ASX - By Stock
- DRR
- Ann: Recommended Cash Offer to Acquire Trident Royalties Plc
Ann: Recommended Cash Offer to Acquire Trident Royalties Plc, page-90
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DRR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.68 |
Change
0.100(2.79%) |
Mkt cap ! $1.945B |
Open | High | Low | Value | Volume |
$3.61 | $3.71 | $3.61 | $5.577M | 1.517M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 8140 | $3.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.69 | 280 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1520 | 3.660 |
2 | 1620 | 3.650 |
2 | 8777 | 3.640 |
1 | 1520 | 3.630 |
1 | 1520 | 3.620 |
Price($) | Vol. | No. |
---|---|---|
3.710 | 4200 | 2 |
3.720 | 1520 | 1 |
3.730 | 1520 | 1 |
3.740 | 1670 | 2 |
3.750 | 8325 | 4 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
DRR (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online