Very strong cash generation as expected. US$181m cash plus another US$131m receivables payable in October and US$150m undrawn facilities provides some US$460m for acquisitions / M&A & capital management.
Quarterly revenue over US$200m in Q323 at US$81/bbl oil. This likely to be 10-15% higher in Q423 with higher oil prices >$90/bbl, so cash balance will continue to grow by over US$120m by year end, depending on timing of tax payments. Another US$80m in deferred Bauna consideration due in Q124 will be the last large payment with only total US$50 due after that over FY25 & FY26.
Full marks to management
Very strong cash generation as expected. US$181m cash plus...
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$1.48 |
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Mkt cap ! $1.187B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34975 | $1.48 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 3831 | 1 |
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