Thanks.
Annual guidance is 17.5m saleable tonnes, so 4.4m p/qtr. Assume NSW adopts QLD royalties proposal takes EBITDA per tonne to about A$350, which is A$1.54bn less capex and income tax gives net cash profit of A$1.05bn for the June quarter. Annualised to $4.2bn puts WHC on a cash P/E of 1.1x.
it trades like it’s going to be nationalised next year, particularly given it produces 80% thermal coal which under present energy supply conditions should be quite price inelastic.
It appears to be the most amazing opportunity, which is worrisome for unknown reasons. The chart looks like death too, like other coal stocks.
Today was funds’ forced liquidation of commodities. Newcastle coal futures aren’t traded by hedge funds hence the price stayed pat on Friday, unlike WTI/Brent.
Perhaps the chart and today’s price action is flagging a massive wash out in equities and risk assets.
Target $9.36, page-943
-
- There are more pages in this discussion • 2,234 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WHC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.63 |
Change
0.140(1.87%) |
Mkt cap ! $6.383B | |||
| Open | High | Low | Value | Volume |
| $7.59 | $7.65 | $7.52 | $30.32M | 3.990M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 110097 | $7.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.63 | 13368 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| WHC (ASX) Chart |