Based on the Q4FY18 results they had revenue of $470 million, free cash flow of $150 million approx. If they sell the 30% interest in the otway basin that will probably be at least another $200 million.
I'm think the Q1FY19 revenue will be higher than the $470 million and so will the free cash flow. So if oil prices hold at the current levels, BPT could be looking at about a $2 billion of revenue for FY19 $600 million in free cashflow. And zero net debt if they sell the 30% interest in the otway basin.
I would imagine after the FY19 half yearly results they will start to lift the dividend substantial. With underlying profit also in the $400-$500 million region for the FY19 year. I still think BPT is cheap, if you are basing your valuation on the FY18 results you are way off the mark....
I have no problem you telling me I'm wrong once the Q1FY19 results come out, but if the revenue is close to $500 million and the free cashflow is around $150 million you can eat my shorts..
Based on the Q4FY18 results they had revenue of $470 million,...
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$1.45 |
Change
0.020(1.40%) |
Mkt cap ! $3.307B | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.46 | $1.44 | $6.124M | 4.220M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 35145 | $1.45 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 92728 | 4 |
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