For example looking at the 20ktpa scenario at US$18000 pricing. FCF is US$73.5m p.a.
US22m can be used for dividends and US$51m retained for debt.
If the duration of the US401m debt is 5 years then Galan might have already retained US200m of cash by then (say 4 years). In order to repay the US400m they would need to raise US200m of debt. With US182m of ebidta this should be no problem. This debt should be paid off by around 3 years. In the mean time GLN is paying 20% dividends p.a.
So this company can be a 20% plus dividend yield company once we reach 20ktpa and be debt free within 8 years. That is before allowing for the additional tax saving of capex deprecaition as highlight by Spovend and Hoopz.
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Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $99.27M |
Open | High | Low | Value | Volume |
21.5¢ | 22.0¢ | 21.0¢ | $372.9K | 1.743M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 1678210 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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21.5¢ | 57352 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 1675690 | 0.210 |
19 | 792428 | 0.205 |
30 | 860243 | 0.200 |
3 | 505133 | 0.195 |
5 | 517768 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 57352 | 1 |
0.220 | 73946 | 6 |
0.225 | 187273 | 9 |
0.230 | 349629 | 8 |
0.235 | 74018 | 4 |
Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
21.3¢ |
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Change
-0.005 ( 1.16 %) |
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Open | High | Low | Volume | ||
22.0¢ | 22.0¢ | 21.0¢ | 752744 | ||
Last updated 15.50pm 06/06/2024 ? |
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