To me the whole dividend debacle was purely the large shareholders and trying to print a big listing. The company advertised the docs in the prospectus and advertised the distribution of cashflow. They banked on the Met Coal market remaining strong and used debt which is just dumb. I think the whole thing was cooked up by an investment manager pre list and they had to stay the course.
having said that I don’t think the current management are kicking goals. We should have been in a position to snap up the BHP mines in QLD and we are so far from it. Anyway. Met coal retains support, stimulus is still coming as is inflation and reopening - positive sentiment. Well I have used up all my buzzwords. Time for a nap.
Ann: Change in substantial holding, page-8
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Last
$1.30 |
Change
-0.045(3.36%) |
Mkt cap ! $2.137B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.30 | $1.25 | $4.295M | 3.349M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 28021 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 31909 | 14 |
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| Last trade - 14.55pm 15/08/2024 (20 minute delay) ? |
| CRN (ASX) Chart |