I traded WHC extensively during 2018/19 when the SP moved between low $4's to high $5's. On 15/02/2019 when the SP was $4.47 they paid a 20cent 0% franked dividend which i participated in & thought it was a pretty good result. Total dividends for the full f.y. were 47 cents 0% franked.
By 15/08/2019 when they paid a 30 cent 22% franked dividend the coal price was down to $65 USD pmt & the SP had fallen to $3.20 & kept going all the way down to 85 cents.
During all of 2018/19 when the profit to facilitate those dividends was earned the coal price never exceeded $121USD pmt & the average was nearer $100 USD pmt.
For the past five months the coal price has exceeded that $121 USD pmt, (very substantially last month) & futures suggest it will stay around that price for the foreseeable future.
My point is that history would suggest that WHC are now making "very serious" profits & an annual dividend of 52 cents is quite within the realms of probability & if that happens the SP will not be $2.45 or even $3.00 for to much longer once investors wake up.
p.s. It should be remembered that it is only since f.y. 2019/20 that WHC increased it's holding in Narrabri Mine to 77.5% & in six weeks acquires the 1% Narrabri Private Royalty (refer the WHC announcement of 14/10/2021).
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$7.09 |
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
6 | 137399 | $7.08 |
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Price($) | Vol. | No. |
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$7.10 | 9407 | 2 |
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No. | Vol. | Price($) |
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6 | 137399 | 7.080 |
2 | 48664 | 7.070 |
2 | 31451 | 7.060 |
9 | 65453 | 7.050 |
6 | 10424 | 7.040 |
Price($) | Vol. | No. |
---|---|---|
7.120 | 198983 | 9 |
7.130 | 3200 | 1 |
7.140 | 17500 | 3 |
7.150 | 12988 | 6 |
7.160 | 1370 | 2 |
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