Simple announcement with plenty of information, which is also application to other coal companies like WHC.
YAL had AU$1.5b cash at end of year 2021. AU$930 million was paid as dividend in April, leaving about AU$570m.
Assuming everything else constant, and the AU$570 cash in hand as operational cash for YAL, we've generated US$801m of FCF in 6 months period, or possibly more, which is used to pay off the loans.
Note that YAL only had US$25m compulsory payment in July 2022. Assuming YAL did not pay off the $US801m, and instead pay it off as dividend.
To be conservative.that YAL shareholders could be looking at interim dividend of 50% of FCF, let's make that US$350m.
And if directors deem YAL's balance sheet is sound, an addition of >25% NPAT will be added. Give that an easy US$150m to top it up to total of US$500m interim dividend. We're looking at AU$730m as interim dividend, 78% of what was paid in 2021 as final + special dividend in 2021.
I think all these info is enough for me to sleep like a baby every night knowing I'm heavy in coal stocks, which are undervalued and generate strong FCF despite of all the noises in stock market.
- Forums
- ASX - By Stock
- YAL
- Ann: Yancoal debt prepayment of approximately US$801 million
Ann: Yancoal debt prepayment of approximately US$801 million, page-8
Featured News
Add YAL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.02 |
Change
-0.210(3.37%) |
Mkt cap ! $7.949B |
Open | High | Low | Value | Volume |
$6.24 | $6.28 | $6.01 | $7.432M | 1.216M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 21963 | $6.02 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.05 | 9553 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 21963 | 6.020 |
4 | 10532 | 6.010 |
37 | 112770 | 6.000 |
2 | 5439 | 5.990 |
3 | 12081 | 5.980 |
Price($) | Vol. | No. |
---|---|---|
6.050 | 9553 | 3 |
6.060 | 990 | 1 |
6.070 | 6585 | 1 |
6.080 | 5899 | 1 |
6.090 | 800 | 1 |
Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
|
|||||
Last
$6.02 |
  |
Change
-0.210 ( 3.55 %) |
|||
Open | High | Low | Volume | ||
$6.26 | $6.26 | $6.01 | 163548 | ||
Last updated 15.59pm 17/06/2024 ? |
Featured News
YAL (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online