Gearing will be paid down.. so the fcf in 2026 is net of that.
It's still about a 40% increase from 2023. This should translate to a dividend of around 65c per annum (if distribution policy is still 40% distribution from fcf and/or share buybacks).
If this occurs, then the share price should be around $9.50 plus, being a dividend return of 6.5% to 7% per annum and rising.
This occurred from 2009 to 2014 where the distribution return and share price was similar on a like for like basis on the increased shares on issue since the Oil Search acquisition.
Gearing will be paid down.. so the fcf in 2026 is net of...
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Last
$7.15 |
Change
-0.020(0.28%) |
Mkt cap ! $23.25B | |||
| Open | High | Low | Value | Volume |
| $7.16 | $7.17 | $7.12 | $21.49M | 3.008M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 59841 | $7.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 53946 | 14 |
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| Last trade - 13.52pm 03/10/2024 (20 minute delay) ? |
| STO (ASX) Chart |