Originally Posted by
mistaTea
Also, remember that underlying Depreciation/Amortisation will sit around $80M-90M for the full year (after deducting the lease costs under IFRS16).
But actual Capex is only half of that.
So if GAAP earnings stabilise somewhere between $30M-40M, that means FCF will hold at somewhere between $70M-$80M.
A 3c dividend will be about $52M (or 65% - 74% of FCF, depending on earnings).
That would imply 30c per share for those looking for a 10% yield.
Or 39c per share if the market had more faith in Sky as a Going Concern and would take a 7.5% yield.