With the ongoing runoff of HHY's fixed interest assets, the latest announcement of USD 20 million equates to about 21.3 million AUD.
HHY have indicated that they will now payout this amount to shareholders at the next distribution date.
In addition, HHY have been parking over 9 million cash in its accounts in order to safeguard against adverse exchange rate occurrences.
It may be possible therefore that a total of 25 million or roughly 25 cents per share can be distributed back to shareholders soon.
In that event, there will still be strong residual value that includes 7 million pounds in Cory, 4 million in market value for Hyne Timber and the remaining cash on hand.
With perhaps a 70% cash return coming soon the overall risk is diluted.
Do your own research however.
Add to My Watchlist
What is My Watchlist?