NHC produces about 8m tonnes of coal annually. Break even is about $60-$70 ... current spot is $180 ... so they are making over $100 a tonne ... so if they produce 8m tonnes, that is a profit of in excess of $800m at current spot prices. Market cap is $1.6b. I get a PE of 2 at current spot prices. Is my maths wrong or just scary?
Oh ... and they are debt free.
NHC acquisition?, page-4
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Last
$4.93 |
Change
0.120(2.49%) |
Mkt cap ! $4.167B | |||
| Open | High | Low | Value | Volume |
| $4.88 | $4.96 | $4.84 | $9.046M | 1.841M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11895 | $4.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.94 | 8000 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| NHC (ASX) Chart |