WHC 0.22% $8.97 whitehaven coal limited

Target $18.72, page-4059

  1. 4,178 Posts.
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    Eventually, most people will agree with my view that the BB is likely to be a long term failure vs dividends. Even now, everything bought above $8.60 is at a loss and may need $1-2 per share in extra return just to break even.

    The BB should only be happening at $5 or less and at higher prices, you return dividends. The returned dividends would get cash off balance sheet and share price would probably get back to $5 where BB make great sense again.

    Rinse and repeat until BB justifies $8 due to reduced float of 700m shares on issue.
 
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