For me personally i'm not looking any further than the next quarterly report which is sure to be better than the last one and as such will add fuel to the fire. i'll worry about beyond that when the time comes. i mean i don't know the maths exactly but if they just booked an annual profit of $2 billion NPAT then it can't be out of the realms of possibilities that it will be $1 billion NPAT for the quarter (other posters would have a better idea on projected figures than me).
So if thats the case then a share buy back over $10 is justified imo along with a dividend. i added to my position by 1/3 today and timed it well at 8.66.
i just think if it drops back in price to the 5 day VWAP those shares are just going to get hoovered up by the buyback - and strongly. So i had confidence to add today. i think its got more room to run.
My first purchases were at 7.86 to 8.13 so i'm way late compared to most but i was unaware of WHC and what was happening with coal price.
Target $9.36, page-2579
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Last
$6.86 |
Change
-0.070(1.01%) |
Mkt cap ! $5.739B | |||
| Open | High | Low | Value | Volume |
| $7.00 | $7.02 | $6.80 | $39.73M | 5.777M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $6.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.88 | 8721 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| WHC (ASX) Chart |