SMR stanmore resources limited

I should clarify though... what most operations do for mobile...

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    I should clarify though... what most operations do for mobile equipment is pay capex and depreciate the costs... neither of which make FOB costs (which is why SMR remove to make like-for-like). If they do rebuilds on engines etc and this too is classed as capex. So SMR has elevated lease payments but far lower capex relative to its peers.. need to look at every cash expenditure in its entirety.

    One piece I'm unsure of is that given it is wet hire (ie includes the operator along with the vehicle) - whether the operator and vehicle costs are split out or all allocated to leases.
    Last edited by Cashmeoutside: 04/01/25
 
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