@Tradergimp
Was wondering if you had the inclination to have a look at WHC. I think it would be a good contrarian play or ST trade.
Some background.
Aussie coal producer, MC ~450M 1B shares on issue.
Just spent 900M building a thermal coal open pit - construction has finished, debt has peaked at ~900M.
Product is receiving a premium in the market ~7%
Current margins are ~$14/t
Made a profit last half (7M) fter some hefty one of payments ~45M to tax office.
Cash flow of 118M / half
Currently increasing production with aimed cost savings of $1-2/t (management like to under-promise and over deliver)
Brokers have TP of 0.30-$1.7
Major US shareholder (Napier) selling out approx 30M? shares left (under 5% late Jan).
The thing is, I like everything about WHC .... except the trend of the coal price. I mean you have a hated sector, a pressured seller, while the company is improving its operations and though it has a lot of debt, it appears easily serviceable even in this market with current cash flow.
So my question to you would be is there a daily / weekly signal in the trading that would identify the seller is finished?
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Last
$7.75 |
Change
0.180(2.38%) |
Mkt cap ! $6.483B |
Open | High | Low | Value | Volume |
$7.64 | $7.77 | $7.55 | $43.10M | 5.622M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 41228 | $7.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.76 | 10033 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 56 | 8.130 |
2 | 192 | 7.980 |
1 | 1930 | 7.900 |
1 | 300 | 7.850 |
1 | 700 | 7.800 |
Price($) | Vol. | No. |
---|---|---|
7.550 | 3249 | 2 |
7.750 | 7325 | 3 |
7.770 | 1000 | 1 |
7.800 | 6551 | 9 |
7.810 | 7297 | 2 |
Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$7.75 |
  |
Change
0.180 ( 2.60 %) |
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Open | High | Low | Volume | ||
$7.63 | $7.76 | $7.55 | 2739804 | ||
Last updated 15.59pm 21/05/2024 ? |
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