@Tradergimp
Was wondering if you had the inclination to have a look at WHC. I think it would be a good contrarian play or ST trade.
Some background.
Aussie coal producer, MC ~450M 1B shares on issue.
Just spent 900M building a thermal coal open pit - construction has finished, debt has peaked at ~900M.
Product is receiving a premium in the market ~7%
Current margins are ~$14/t
Made a profit last half (7M) fter some hefty one of payments ~45M to tax office.
Cash flow of 118M / half
Currently increasing production with aimed cost savings of $1-2/t (management like to under-promise and over deliver)
Brokers have TP of 0.30-$1.7
Major US shareholder (Napier) selling out approx 30M? shares left (under 5% late Jan).
The thing is, I like everything about WHC .... except the trend of the coal price. I mean you have a hated sector, a pressured seller, while the company is improving its operations and though it has a lot of debt, it appears easily serviceable even in this market with current cash flow.
So my question to you would be is there a daily / weekly signal in the trading that would identify the seller is finished?
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Last
$7.82 |
Change
-0.090(1.14%) |
Mkt cap ! $6.542B |
Open | High | Low | Value | Volume |
$7.85 | $7.88 | $7.78 | $5.804M | 742.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1262 | $7.82 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.83 | 12430 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 10190 | 7.820 |
18 | 25127 | 7.810 |
26 | 88204 | 7.800 |
13 | 31966 | 7.790 |
10 | 15089 | 7.780 |
Price($) | Vol. | No. |
---|---|---|
7.830 | 10949 | 20 |
7.840 | 18254 | 18 |
7.850 | 48927 | 20 |
7.860 | 21767 | 10 |
7.870 | 21690 | 9 |
Last trade - 10.50am 24/07/2024 (20 minute delay) ? |
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