I think you're forgetting the $1.4 Billion, depreciation & amortisation deduction. I know its not optimal to run your business using tax deductible / sinking fund monies, but it's actually real money that can be directed to debt reduction, less the no capex requirement of $330 million.
So they're looking at $311 million after tax profit & $1.4 billion non taxable cash flow less $330 million of sustaining capital, for a net of $1.38 billion. If they can continue to generate around $1.38 billion pa of surplus cash, they'll be sitting on a nice nest egg when the first debt reductions fall due.
- Forums
- ASX - By Stock
- FMG
- Iron Ore Price
Iron Ore Price, page-4543
-
- There are more pages in this discussion • 67 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
|
|||||
Last
$22.48 |
Change
0.380(1.72%) |
Mkt cap ! $69.21B |
Open | High | Low | Value | Volume |
$22.41 | $22.64 | $22.22 | $89.05M | 3.959M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 20914 | $22.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$22.50 | 6164 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 20914 | 22.480 |
1 | 6216 | 22.470 |
3 | 10934 | 22.460 |
5 | 9052 | 22.450 |
6 | 20271 | 22.440 |
Price($) | Vol. | No. |
---|---|---|
22.520 | 9162 | 3 |
22.560 | 1000 | 1 |
22.570 | 500 | 1 |
22.590 | 14461 | 4 |
22.600 | 5715 | 8 |
Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online