Rc how do deutch stack up
The broker increases its earnings estimates 5%-9% as last week’s site tour revealed increased production at lower costs, but warns that with spot iron ore US$79.5 a ton and AUD/USD at 0.88, its earnings estimates, under the new operating and cost assumptions, would drop by 50% in FY15 and 20-30% from FY16-18. At spot prices, its valuation would drop by around 50% to A$1.85/share and cash would drop below US$500 million unless capex is deferred. “Even if capex is deferred a short term debt facility would be required as cash would dip below the business critical US$1 billion mark,” analyst Paul Young says.
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$16.12 |
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Mkt cap ! $49.63B |
Open | High | Low | Value | Volume |
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---|---|---|
7 | 18592 | $16.10 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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3 | 1844 | 16.100 |
1 | 400 | 16.080 |
3 | 2062 | 16.070 |
2 | 9455 | 16.060 |
1 | 2000 | 16.050 |
Price($) | Vol. | No. |
---|---|---|
16.140 | 3138 | 1 |
16.200 | 1600 | 2 |
16.220 | 1010 | 1 |
16.270 | 491 | 1 |
16.280 | 9999 | 1 |
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