YAL 0.48% $6.23 yancoal australia limited

Ann: Company presentation, page-210

  1. 426 Posts.
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    I think you’re probably right, Coalhardcash. I wondered yesterday whether the 3% drop on the HK market was a sign that another 70c dividend was unrealistic this time around, and that proved to be correct. We may well see a sizeable drop on Monday, as you say, but there’ll surely be a recovery In the lead-up to 12 March. I’ll be hoping that it could reach $6.20 or even $6.30 before going ex div, but that’s probably too optimistic — your $6.00 guess is more likely, I think. If so, I think there’ll be a sound case to sell/lighten at that point, given the fairly high probability that the price will fall back to $4.50 or so in the ‘shoulder season’ (June/July).

    All of that said, a half-year dividend of 32.5c, fully franked, should not be a cause for complaint (as many others have commented).
 
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