Mullen reported 3Q15 EBITDAS of $59 mm, above our forecast of $53 mm due to stronger-than-expected operating efficiencies in the OFS division which helped margins. There have only been modest changes to our corporate estimates with this update. The Company has suggested it will provide 2016e capital spending and dividend guidance in December 2015. This could be a material event for the stock if the dividend policy changes. However, the outcome is far from clear at this point. With only minimal c ....
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3Q15 Results
Mullen Group Ltd. (MTL:TSE) | 0 0 0.0% | Mkt Cap: 1,516m
- Published:
23 Oct 2015 -
Author:
Ian B. Gillies - Pages:
Mullen reported 3Q15 EBITDAS of $59 mm, above our forecast of $53 mm due to stronger-than-expected operating efficiencies in the OFS division which helped margins. There have only been modest changes to our corporate estimates with this update. The Company has suggested it will provide 2016e capital spending and dividend guidance in December 2015. This could be a material event for the stock if the dividend policy changes. However, the outcome is far from clear at this point. With only minimal c ....