RockRose’s unrestricted cash increased US$34mm from end August 2019, largely on the back of lower than expected capex and a reduction in the restricted cash. Unrestricted cash at year end of US$316mm is the equivalent of £18.30/sh (in line with current share price) and increased from US$282mm in August. Total year end cash was US$371mm, marginally higher than US$368mm at end August 2019. Restricted cash of US$55mm was reduced from US$86mm over the same period. 2019 total dividend is expected to ....
07 Jan 2020
Trading statement and outlook: stock trading at unrestricted cash value
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Trading statement and outlook: stock trading at unrestricted cash value
Rockrose Energy (RRE:LON) | 0 0 0.0%
- Published:
07 Jan 2020 -
Author:
Anish Kapadia | Jay Ashfield | Hamish Clegg -
Pages:
5 -
RockRose’s unrestricted cash increased US$34mm from end August 2019, largely on the back of lower than expected capex and a reduction in the restricted cash. Unrestricted cash at year end of US$316mm is the equivalent of £18.30/sh (in line with current share price) and increased from US$282mm in August. Total year end cash was US$371mm, marginally higher than US$368mm at end August 2019. Restricted cash of US$55mm was reduced from US$86mm over the same period. 2019 total dividend is expected to ....