STO 1.91% $6.95 santos limited

Ann: Santos to redeem Euro Subordinated Notes, page-2

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  1. 2,949 Posts.
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    I believe we started the calendar year with $2.06 billion in the bank (off the top of my head). We have $2.2 billion in the bank after paying down $250m of ECA facility earlier in the year. This implies that we have generated circa $400m in free cash in the 6 month period. That is around 20 cents per share for the 6 month period. Within rights it should be too early to be looking at divvies, but a 40% payout would be around 8cps. Very good signs.
 
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