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
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $75.83M |
Open | High | Low | Value | Volume |
16.5¢ | 16.5¢ | 16.0¢ | $146.0K | 898.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 1215486 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 225597 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
29 | 1270899 | 0.160 |
9 | 2001622 | 0.155 |
22 | 1840830 | 0.150 |
3 | 392000 | 0.145 |
8 | 462000 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 285624 | 9 |
0.170 | 696964 | 9 |
0.175 | 248496 | 6 |
0.180 | 129699 | 4 |
0.185 | 130000 | 2 |
Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
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