Im calling 75c dividend to use up roughly half the tax (franking credits) they are about to pay for FY22
also tried to map out the next 12 months of cashflow - have a total of $5/share capital returned either by buybacks or dividends through end of December 2023
At $10 have it trading at around 1.75 - 2.0x earnings (assuming U$250t coal price - believe there is a good 'base case') but the key here for me is the total capital returned per share with what will be a large franking balance for FY24 - provided the coal price holds, no further royalties, bringing online large expansion projects we should be enjoying very nice fully franked dividends and getting close to 100% of capital invested repaid....
Target $18.72, page-3918
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Last
$5.86 |
Change
-0.040(0.68%) |
Mkt cap ! $4.902B | |||
| Open | High | Low | Value | Volume |
| $5.89 | $5.90 | $5.79 | $34.22M | 5.849M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8142 | $5.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.88 | 40497 | 3 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| WHC (ASX) Chart |