Not one analyst has a sell on WHC. why?
they are waiting to see if nathan tinkler can get together the funds to buy it out....well he wont
think about it
what are the chances of him raising $5bn + to takeover coal assets that require huge capex, the current coal price, the current economic environment and not to mention other coal assets are much much cheaper than WHC. WHC is trading 25x FY13 PE!!!
This deal is to save his debt calling. he currently has $800m + debt against his 19% WHC stake and @ current share price $3.80 he is -ve equity. i make that approx -$70m at current levels. Tinkler is not a billionaire. he owes more money than you!
As time evolves the market will become less hopefull. current share price is starting to reflex this. remember the BRW top 200 people who bought sporting teams. eddie groves, dr geoffrey Edelsten and next in the BRW departure lounge Mr N TINKLER
this stock is come massive downgrade once the bid has collapsed ....watch this happen
sell it while you can before it hits $2
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Last
$8.00 |
Change
0.180(2.30%) |
Mkt cap ! $6.692B | |||
| Open | High | Low | Value | Volume |
| $7.86 | $8.00 | $7.83 | $25.19M | 3.178M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 8928 | $7.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.00 | 149312 | 47 |
View Market Depth
| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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Last
$7.99 |
Change
0.180 ( 2.28 %) |
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| Open | High | Low | Volume | ||
| $7.87 | $8.00 | $7.83 | 850034 | ||
| Last updated 15.59pm 28/05/2024 ? | |||||
| WHC (ASX) Chart |