Coking Coal is now selling for $104/ton v $280 just over 2 yrs ago. WES have their huge open cut mine east of Emerald and 40% share in another. Mine has gone from incredibly profitable to break even yet the goodwill on WES books remains over 3 BILLION. Watch for a big writedown in coming months. My estimate: 1.5Billion.
Coles is firing as is Kmart. But SP likely to remain under some pressure imo. Don't have a position but watching closely.
standby for a 1,500m writedown by WES
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Last
$76.16 |
Change
0.950(1.26%) |
Mkt cap ! $86.37B | |||
| Open | High | Low | Value | Volume |
| $74.98 | $76.16 | $74.67 | $66.20M | 873.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25414 | $76.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $76.17 | 22044 | 4 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| WES (ASX) Chart |