Simply staggering
Remember, for 21/22 we only averaged US$239 and we are now averaging over US$400.
In 21/22 we repaid $800,000,000 in debt AND bought back shares of $350,000,000. At the same time we paid a 48c dividend. This was on a net profit after tax of $2bn.
So, in 21/23, we could buy back say, $650m in shares and still pay a $1 dividend.
And that is with a NP of $2bn at US$239.
Think mutiples of that at a coal price at plus US$400.
Target $9.36, page-2525
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$5.51 |
Change
-0.130(2.30%) |
Mkt cap ! $4.609B | |||
| Open | High | Low | Value | Volume |
| $5.52 | $5.63 | $5.45 | $57.59M | 10.44M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11999 | $5.51 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.53 | 480 | 1 |
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