My gut says they'll refinance on better terms, because debt gives them flexibility to do more capex than if entirely equity financed. As a shareholder, I don't want a lazy balance sheet.
Can't help on how they solve their puzzle. But the main positive is there is internal competition for growth capex. This means they are less likely to do something particularly stupid. (A much better problem than only having one project, which they will commit to regardless of returns.)
My gut says they'll refinance on better terms, because debt...
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Last
$3.35 |
Change
0.000(0.00%) |
Mkt cap ! $3.019B | |||
| Open | High | Low | Value | Volume |
| $3.38 | $3.40 | $3.33 | $2.193M | 652.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14000 | $3.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.36 | 8932 | 2 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$3.35 |
Change
0.000 ( 0.51 %) |
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| Open | High | Low | Volume | ||
| $3.39 | $3.40 | $3.33 | 170803 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| SMR (ASX) Chart |