DBI +6.19%: the port owner upgraded guidance on the back of relaxed regulation, sending the stock higher today. The terminal infrastructure charge will increase to $3.18/t, applied retrospectively from July 1, 2021, bringing in a windfall of $61m for the backdated charges. The new price is an increase of 29% on the previous agreement which rolled off last year. Distribution guidance...
We’ve mentioned DBI before however they reported last week and the result was a little confusing, particularly around the distribution given they talked about an aggregate $22.5m being paid out, however the key takeaway is that it’s on track to meet prospectus forecasts and yield more than 8% based on current prices
Dalrymple Bay Infrastructure (DBI) provides infrastructure construction services. The Company offers port infrastructure and services for producers and consumers of coal exports. Dalrymple Bay Infrastructure serves clients in Australia.
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