@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
$8.25 |
Change
0.190(2.36%) |
Mkt cap ! $6.901B |
Open | High | Low | Value | Volume |
$8.13 | $8.33 | $8.13 | $48.36M | 5.859M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2963 | $8.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.25 | 62671 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | 8.220 |
1 | 2400 | 8.200 |
1 | 2923 | 8.190 |
5 | 58040 | 8.180 |
9 | 48331 | 8.170 |
Price($) | Vol. | No. |
---|---|---|
8.250 | 58839 | 9 |
8.260 | 26528 | 3 |
8.270 | 18528 | 2 |
8.280 | 17528 | 2 |
8.290 | 46234 | 4 |
Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
$8.22 |
  |
Change
0.190 ( 2.12 %) |
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Open | High | Low | Volume | ||
$8.14 | $8.33 | $8.13 | 1061428 | ||
Last updated 15.59pm 03/06/2024 ? |
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WHC (ASX) Chart |