RE:RE:Debt repayment sclarda wrote:
At the end of the second quarter CJ had debt of $62 million. At $90 oil second half cashflow should be aprox. $170 million. Capex for the second half should be aprox $70 million. Dividend for the second half should cost aprox. $52 million. The cost of dividend and Capex for the second half is aprox. $122 million. That leaves aprox $48 million in Cashflow for the second half against aprox. $62 million in debt. That would leave debt of aprox, $14 million at year end if they have not bought back any shares in the second half or debt will be higher.
Didn't they already buy back 2.7 million shares for an amount of approx $19 million in July, so in second half?
SEDI:
$18,954,510 +2,692,402 vol $7.04 each