Post by
Possibleidiot01 on Nov 13, 2024 6:56pm
No Hai Long accident update , disappointing to me
On August 20, 2024, an incident occurred at the onshore substation due to a leak of carbon dioxide from the fire suppression system, which resulted in three fatalities. The project team is cooperating with local authorities to investigate the incident and ensure the safety of personnel and the surrounding community. The onshore substation construction work was initially suspended but is now progressing according to its recovery plans. First power is expected in the second half of 2025 with full commercial operations expected to commence in 2026/2027, according to schedule. Overall project cost is aligned with original expectations.
Flat results , free cash flow missing in this quarter.
Free Cash Flow per share (a non-IFRS measure) decreased to $0.00 from $0.14 in 2023.
Adjusted Free Cash Flow per share (a non-IFRS measure) decreased to $0.08 from $0.25 in 2023.
Comment by
zforzebra on Nov 13, 2024 6:59pm
It was quite a bad earnings report. Expectation was 0.15 EPS. With this cash flow, the dividend is not covered. Tomorrow will be a rough day.
Comment by
Ciao on Nov 13, 2024 9:28pm
What was the impact of the Gemini cable failure on Q3 and was it properly accounted for by analysts estimates?