Yes there are some headwinds but I wouldn't want to try shorting this stock.
-buybacks underway supporting price
-new development underway to increase future production/tonnage
-barriers to entry for other competitors
-end of year dividend only 3 months away, anticipated to be a larger % yield than market norms
-by then we will be back to talking about "coal stacking" for the northern hemisphere winter with no Russian fossils, no German nuclear and more asian coal plants being built in the mean time.
On the macro demand may not increase exponentially, but supply is not expected to slow. On a stock level, there is significant evidence for price support via company policy.
Target $18.72, page-5520
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Last
$7.16 |
Change
0.020(0.28%) |
Mkt cap ! $5.990B | |||
| Open | High | Low | Value | Volume |
| $7.10 | $7.16 | $6.84 | $72.74M | 10.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3922 | $7.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.16 | 2173 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| WHC (ASX) Chart |