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
23.5¢ |
Change
0.010(4.44%) |
Mkt cap ! $110.6M |
Open | High | Low | Value | Volume |
23.0¢ | 24.0¢ | 22.5¢ | $1.121M | 4.845M |
Buyers (Bids)
No. | Vol. | Price($) |
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10 | 396929 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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23.5¢ | 160578 | 5 |
View Market Depth
No. | Vol. | Price($) |
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9 | 392429 | 0.230 |
6 | 545814 | 0.225 |
21 | 561034 | 0.220 |
13 | 439106 | 0.215 |
24 | 866646 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 83191 | 4 |
0.240 | 395476 | 12 |
0.245 | 472676 | 10 |
0.250 | 343191 | 8 |
0.255 | 87000 | 2 |
Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
23.5¢ |
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Change
0.010 ( 3.30 %) |
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Open | High | Low | Volume | ||
23.0¢ | 23.8¢ | 22.5¢ | 2383149 | ||
Last updated 15.58pm 29/05/2024 ? |
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