I can't see that there's any way of maintaining dividends at current level which is 50c a year. They have over 1B shares so 50c is over $500M dividend payout which is effectively 100% of NPAT.
NPAT is likely to be less than $100M this HY so even if they pay out 100% again (which they suggest they intend to do) it's still going to be less than 10c compared to 20c last HY. Personally I am forecasting about 7c div and hoping that a coal price recovery in 2H will pull the full year div up to 15-20c.
This stock at these prices is a coal price recovery play. If the NEWC price heads back to US$100 in 2H then WHC will head back to $5. If NEWC drops much more from here it will head sub-$2 IMO. I don't try to forecast the short term movements but I think over the mid term there is more upside risk than downside, particularly as OPEC seem determined to keep the Brent oil price above $60, which supports thermal coal outlook.
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Last
$7.70 |
Change
0.000(0.00%) |
Mkt cap ! $6.441B |
Open | High | Low | Value | Volume |
$7.72 | $7.79 | $7.66 | $18.32M | 2.378M |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 30034 | $7.70 |
Sellers (Offers)
Price($) | Vol. | No. |
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$7.71 | 32743 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 7.700 |
2 | 13240 | 7.680 |
2 | 5200 | 7.650 |
2 | 6000 | 7.640 |
2 | 5000 | 7.620 |
Price($) | Vol. | No. |
---|---|---|
7.710 | 14608 | 5 |
7.720 | 5000 | 1 |
7.730 | 1094 | 1 |
7.750 | 4125 | 1 |
7.760 | 8528 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$7.69 |
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Change
0.000 ( 0.33 %) |
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Open | High | Low | Volume | ||
$7.72 | $7.78 | $7.66 | 438624 | ||
Last updated 15.59pm 14/06/2024 ? |
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WHC (ASX) Chart |