Free cashflow at end of dec is a little lower than expected given Curragh changed hands end of march 18 and average sale price around the US$150 mark. Absence of cost discussion suggests higher cost could be the problem - Curragh production decline is a concerning trend.
Solid pricing over FY19 should be in CRNs favour.
Looks like the business can generate around A$50M free cash per quarter so potential is A$150 for the total dividend in FY19 based on Oct 18 - June 19. 15 ish cents?
That is my guess.
News: CRN Coronado Global Resources Posts Unaudited Total Revenue Of $2,300 Mln For FY18, page-2
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Last
94.0¢ |
Change
0.020(2.17%) |
Mkt cap ! $1.567B | |||
| Open | High | Low | Value | Volume |
| 94.0¢ | 96.0¢ | 93.0¢ | $840.2K | 887.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 46530 | 93.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.0¢ | 3451 | 1 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| CRN (ASX) Chart |
