If they instead of spending $18B on capex, they paid off their $17.3B of debt (currently paying 5.1% interest rate), it would save them $882m per year.
Its so low i wondered if i misinterpreted it, but this is the quote from the investor day;
"Achieve >$500m EBITDA benefits from strategic capex"
And considering paying off debt is risk free, it really does throw into question if any of the directors are worth keeping.
If they instead of spending $18B on capex, they paid off their...
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Last
$3.88 |
Change
0.060(1.57%) |
Mkt cap ! $44.83B | |||
| Open | High | Low | Value | Volume |
| $3.83 | $3.91 | $3.82 | $105.1M | 27.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 245287 | $3.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 3900 | 1 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| TLS (ASX) Chart |