The announcement was done in November 2022 , Capital Managemt Plan.
Quoting from the CMP announcement:
"..... Net operating cash flow generated should then be allocated to:
• sustaining capital to maintain operational performance;
• further investment into sustainability commitments and initiatives;
• establishing and maintaining balance sheet strength to protect the Company through all commodity price cycles (inclusive of prudent gearing ratios); and
• paying a sustainable dividend to shareholders, with a target dividend payout ratio of between 20-30% of free cash flow1. ....
1 Free cash flow is defined as statutory cashflow from operating activities less tax paid/payable less sustaining capital (inclusive of capitalised waste mine development). "....
So take FY23 Earnings remove tax and sustaining capital ( aka not investments in expansions, etc )...
By the way not all available cash has been generated this FY...
The announcement was done in November 2022 , Capital Managemt...
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.18 |
Change
0.120(2.96%) |
Mkt cap ! $12.58B | |||
| Open | High | Low | Value | Volume |
| $4.13 | $4.20 | $4.11 | $86.61M | 20.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1408666 | $4.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.19 | 165878 | 22 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$4.18 |
Change
0.120 ( 3.20 %) |
||||
| Open | High | Low | Volume | ||
| $4.12 | $4.20 | $4.12 | 4580071 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| PLS (ASX) Chart |