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
23.0¢ |
Change
0.010(4.55%) |
Mkt cap ! $95.70M |
Open | High | Low | Value | Volume |
21.5¢ | 23.0¢ | 21.3¢ | $1.096M | 5.006M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 202840 | 22.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.0¢ | 329613 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 140500 | 0.225 |
6 | 254523 | 0.220 |
16 | 334862 | 0.215 |
24 | 892439 | 0.210 |
12 | 510335 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 329613 | 4 |
0.235 | 400630 | 7 |
0.240 | 274836 | 7 |
0.245 | 258676 | 6 |
0.250 | 132540 | 6 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
22.5¢ |
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Change
0.010 ( 1.21 %) |
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Open | High | Low | Volume | ||
22.0¢ | 23.0¢ | 21.0¢ | 2070029 | ||
Last updated 15.59pm 24/05/2024 ? |
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