It's a factor as it could produce more profits if the hedge wasn't in place which i believe they have reduced slightly.
Even based on FY20 results RRL produced $100m in FCF with prices hedged. It's cheap on every metric but could be ever better value if the hedge wasn't in place. It would be better if they cut the divvy & bought back $50m in shares at this level which would increase profits & returns & give the business a $900m MC which would be ridiculously cheap. However i'm not sure how management view this as it appears they have never bought back shares?
It's a factor as it could produce more profits if the hedge...
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Last
$2.74 |
Change
-0.060(2.14%) |
Mkt cap ! $2.070B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.80 | $2.68 | $14.82M | 5.415M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 6434 | $2.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.74 | 21007 | 2 |
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| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| RRL (ASX) Chart |