YAL 3.61% $6.95 yancoal australia limited

Ann: Yancoal debt prepayment of US$459 million, page-19

  1. 527 Posts.
    lightbulb Created with Sketch. 48
    Ok time to play devils advocate
    this is terrible ....
    1. The divi next will be reduced by this repayment amount .... (free cashflow is part of the divi calculation)
    2. the party on the other side of the debt may have been asking for more cash out ... who is this ... related party ? is this building a war chest to take out smaller shareholders
    3. some other reason I cant think of


    So just to be clear I'll be topping up soon sentiment changed to buy- just banked some divis from some other miners - CRN/TER
 
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