WHC 0.00% $7.70 whitehaven coal limited

I can't see that there's any way of maintaining dividends at...

  1. 6,287 Posts.
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    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($)
5 30034 $7.70
 

Sellers (Offers)

Price($) Vol. No.
$7.71 32743 7
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Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
$7.69
  Change
0.000 ( 0.33 %)
Open High Low Volume
$7.72 $7.78 $7.66 438624
Last updated 15.59pm 14/06/2024 ?
WHC (ASX) Chart
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