Stant, you should use annual returns so 1 cent in hindsight is not bad...a little less the 5% annualy.
So now look to the future...when io prices stay like this they can make an margin of AUD50...even if that drops to AUD 40...it will be an ebitda of 100 mln for 2017...
so say that there cash balance and receivables will be close to 300 mln...
If you trade at cash balance lie last years,...you have around 30 cent per share...so that will be the reason to hold on to your shares. I would not be suprised that they will go back 3 cent div if they keep this margin.
I do not believe they will invest in other projects...only southdown could be coming into play..
Stant, you should use annual returns so 1 cent in hindsight is...
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Mkt cap ! $266.1M | |||
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