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.
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- Ann: Yancoal debt prepayment of approximately US$801 million
Simple announcement with plenty of information, which is also...
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Last
$7.33 |
Change
0.070(0.96%) |
Mkt cap ! $9.678B |
Open | High | Low | Value | Volume |
$7.28 | $7.40 | $7.26 | $16.76M | 2.287M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1729 | $7.30 |
Sellers (Offers)
Price($) | Vol. | No. |
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$7.34 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 1729 | 7.300 |
2 | 7100 | 7.290 |
5 | 23456 | 7.270 |
3 | 13036 | 7.260 |
4 | 19545 | 7.250 |
Price($) | Vol. | No. |
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7.340 | 1000 | 1 |
7.350 | 50621 | 6 |
7.380 | 5000 | 4 |
7.400 | 33565 | 13 |
7.410 | 14109 | 3 |
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