Total DEBT to EBITDA .......... 1.18xRunning at approximately 1.18x
The target was 1.50x............................
Next 24mo we could see 1.00x
Yes, we are in a recession but the company and stakeholders are positioned to ride out any extended downturns (should they happen)
Reason we got the dividend hike, because total debt is now under $40mm.
That's pretty darn impressive considering all the CAPEX completed and all the NCIB work completed since 2020.
Four years of smart decision making by management, through the tough times.
Says it all.
As for the future, this business has capacity for two more hikes.
$0.06/mo is achievable next 24mo
Then it's Kasking's Lucky $0.07's, will take a while, we need a few macro events to go our way, but this goal is attainable under the right economic conditions.
The Edmonton Oilers may go on another 16-game win streak 2025, so why can't Kasking land the $0.07's in 2028 ??
He can!
Wait it out.
As for share price, you guys will wake up early tomorrow for a sunrise and finally some gap-up price action on the charts.
$11.00 to $11.50 is reasonable.
HEN'S TEETH
Speaking of Hen's Teeth..............................
From Q3 MD&A
"total issued and outstanding shares at 21,107,843. The Company has effectively returned to the number of shares issued on its IPO back in 2003 by repurchasing all of the shares issued on conversion of convertible debentures that matured in 2014."
Heck of an accomplishment, really is.
Was worth the wait.
More to go!!