AKK
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0.00% 0.3¢ austin exploration limited

You mean HK is expensing as much capex as possible through...

  1. madonion87
    482 Posts.
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    09/09/14
    14:38
    Post #: 13947132
    You mean HK is expensing as much capex as possible through depreciation to minimise tax. This one is in the infrastructure tax structuring textbook

    A quick glance at their financials suggest you're probably right. CY13 D&A was $400m but they were quite seriously FCF positive
    Last edited by madonion87: 09/09/14
    AKK Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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