Borano is - or at least says he is - a trader. When you hear someone say they value a resource company using net asset backing (he isn’t the only one) then take whatever else they may say with a grain of salt.
Building a simple coal DCF isn’t too difficult, I play with one that I initially downloaded from one of the broking houses.
It is important to remember having a dcf model doesn’t given you any special insight, anything you think you know the market also (generally) does. It is a useful tool to test assumptions though.
As on example, one of the bigger brokers uses a punitive discount rate in their valuation model. Running their assumptions at a standard discount rate shows this broker actually has a bottom up valuation for WHC north of $15.
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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. |
---|---|---|
$7.16 | 2173 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50 | 7.100 |
2 | 6000 | 7.070 |
3 | 8726 | 7.000 |
1 | 7960 | 6.980 |
2 | 4000 | 6.950 |
Price($) | Vol. | No. |
---|---|---|
7.170 | 650 | 1 |
7.180 | 200 | 1 |
7.190 | 3002 | 1 |
7.200 | 1559 | 2 |
7.240 | 2000 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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WHC (ASX) Chart |