Debt reduction = 18 cents which is 60% of 30 cents
FY13 Net Debt = ($2115m)
Payoff = 18 cents or $245m
FY14 end Net Debt = ($1870m)
Maybe a little less, say $20m as tax expanse (i.e. cash tax actually paid) is less than accounting tax due to using prior tax losses.
FY14 End Net debt (incl tax adj) = ($1850m)
A 13% reduction!
.
The writer implies no investment recommendation. This report contains material speculative in nature. Investors should seek professional investment advice. The writer owns shares in Arrium.
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Last
4.4¢ |
Change
0.001(2.33%) |
Mkt cap ! $37.86M | |||
| Open | High | Low | Value | Volume |
| 4.4¢ | 4.4¢ | 4.2¢ | $80.80K | 1.856M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 584178 | 4.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 1103670 | 3 |
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| Last trade - 13.56pm 23/07/2025 (20 minute delay) ? |
| ARI (ASX) Chart |