Post by
OilyOx on Jul 18, 2022 6:17pm
Dividend should be ~0.028c per share based on the updates
They committed 30% of FCF to shareholders.
FFO= 33.8
Capex=9.2
FCF= 24,600,000*30%= $7,380,000/~258,000,000 Shares = 0.0286c
The numbers look good but the update was PERPLEXING. Several paragraphs about the pros of becoming debt free to say they will become net debt again if the opportunity arises? WHAT is this contradictory information?! Poorly articulated to say the least!
Comment by
Luckyeleven on Jul 18, 2022 6:49pm
Totally agree!! This is a head shaker lol.
Comment by
Jenser on Jul 18, 2022 7:03pm
Maybe that's why Nuttal bailed, CEO and board are immune to the 'return max cash to shareholders' message. Hopefully someone has mercy and buys them out before they manage to skrew it up again with taking on debt and making silly aquisitions.