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
17.0¢ |
Change
0.005(3.03%) |
Mkt cap ! $80.57M |
Open | High | Low | Value | Volume |
16.5¢ | 17.0¢ | 16.5¢ | $479.0K | 2.861M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 848959 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 312986 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 848959 | 0.165 |
17 | 472806 | 0.160 |
9 | 1302265 | 0.155 |
16 | 1643749 | 0.150 |
2 | 360000 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 312986 | 3 |
0.175 | 126400 | 5 |
0.180 | 282456 | 9 |
0.185 | 282064 | 5 |
0.190 | 72077 | 3 |
Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
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