Post by
houbahop on Feb 23, 2024 7:26am
It looks like it will turn ugly...
FCF guidance of $375m for 2024 vs $890m realized in 2023 and $961m in 2022.
For 24'Q4 vs 23'Q4:
"...FCF totalled $121 million for the three months ended Dec. 31, 2023, compared to $315 million in the same period in 2022, a decrease of $194 million, or 62 per cent..."
And they are guiding 23% lower than 23'Q4 FCF for 2024.
Their NCIB will be filled at very low sahre price, imo.
WOW!
Comment by
stockstarker on Feb 23, 2024 9:02am
The one thing you failed to mention Is that Brookfield is now in charge of running this company and I see they just kicked the director Ambrose to the curb, one of the hold overs of the past administration. Brookfield is turning this company around and what ever Brookfield has done in the past has always turned to gold.
Comment by
darb on Feb 23, 2024 9:11am
Yes, turned to gold for Brookfield, NOT the shareholder!
Comment by
houbahop on Feb 23, 2024 9:13am
I was going to say it! They will degrade the company to the point where they will force minority shareholders to sell on the cheap.
Comment by
stockstarker on Feb 23, 2024 9:46am
So far the share price is up, where is the crash?
Comment by
Billybabin61 on Feb 23, 2024 10:03am
Agree, have to keep emotions in check. Their guidance is most likely why the share has reacted positively so far. The 10 day moving average is about 600 K shares and we there are about 390K traded so far.