Not much not to like! Other then refinance...
Feast and famine in the mining space, TER trade looking great. TER definitely feasting on the highest thermal coal prices since 2008/2009 (13 year highs)... Could be company making in that TER may finally be able to pay down debt to a comfortable level in the next 12-18mnths, while growing the company.
- Execution at BA was good
- Takeover of UNV made sense (though coal prices + covid means hindsight suggests poor)
- Export strategy from SA makes a lot of sense - value accreditive
- Current coal price moves in 2021 means significant cash generation
The only thing between us shareholders and the cash generation is the massive debt pile. However I am thinking the company will re-instate the dividend due to this strong cash generation, and also the ability to amortise the debt (which they couldn't previously).
Ann: Blair Athol Result - July 2021, page-11
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $160.1M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.8¢ | $105.9K | 527.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 476960 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 44705 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| TER (ASX) Chart |