Its always good to get an alternative opinion.
UBS note that coal companies have huge ESG risk. Which is very very true. Therefore they assign only a 10% probability to any new mines getting approved, and therefore very little growth incorporated in their valuation model.
They also use a 15% discount rate for WHC to take into account the ESG risk. This implies that you still get 15% return from owning the company.
Interestingly they increased their average forecast coal price out to $US300 to the end of 2024.
And although their target price is 9.20, you still get a 35% dividend in the next two years.
The buyback will put a floor in the price.
Only surprise upside from here.
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Last
$7.09 |
Change
0.150(2.16%) |
Mkt cap ! $5.931B |
Open | High | Low | Value | Volume |
$7.00 | $7.17 | $6.99 | $56.08M | 7.917M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 137399 | $7.08 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.10 | 9407 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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WHC (ASX) Chart |