The $2.7M debt repayment announced today ex proceeds from sale of the non-core Townsville property demonstrates that this company has a very strong shareholder return bias in that the ROE from the Radco Drilling acquisition is clearly going to be exponentially greater than the yield on the disposed property.
Looking fwd to FY18 profit result, but more importantly their outlook statement and the expected future rate of rig deployment in FY19.
Good companies generally keep doing good things.............this is a good company.
The $2.7M debt repayment announced today ex proceeds from sale...
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