WHC
Click for more information
1.83% $7.22 whitehaven coal limited

Target $18.72, page-10177

  1. really
    1,565 Posts.
    lightbulb Created with Sketch. 142
    clock Created with Sketch.
    22/08/24
    18:11
    Post #: 75330727

    Stock of the day: Whitehave Coal

    Whitehaven Coal reports a significant profit decline but strengthens its balance sheet with a strategic sale to Nippon Steel, boosting investor confidence.





    Loaded:2.84%


    Remaining Time -5:47
    Video poster image

    Publication date: Thursday 22 August 2024 13:22


    This video was created on 22 August for IG audiences by ******.

    Stock of the day: Whitehaven Coal (ASX:WHC)

    Tactical sale to Nippon Steel offsets profit loss

    Whitehaven Coalhas reported an 87% drop in net profit after tax to $355 million, driven byinflationarypressures and reduced output at its Narrabri mine.

    Despite this decline,Whitehavenannounced a 13-centdividendand revealed the sale of a 30% stake in its Blackwater mine to Nippon Steel for $1.5 billion. This strategic move boosted Whitehaven’s stock by 5%, reflecting investor confidence in the company’s ability to strengthen its balance sheet and meet its $500 million obligation toBHP.

    Market response and future outlook

    Analysts suggestWhitehaven's focus on metallurgical coal, along with prudent financial management, positions the company well for future growth. While the coal market may not return to previous highs, the company’s strategic decisions are expected to sustain shareholder value.

    Last edited by really: 22/08/24
    WHC Price at posting: $7.65 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

EBR FDA commences substantive review of EBR’s PMA application
right-arrow Created with Sketch.
NEWS Major acquisition of high-grade antimony deposit, find out who's securing global assets
right-arrow Created with Sketch.
NEWS New drilling at the Rogozna Project delivers a standout intercept, highlighting significant resource expansion potential
right-arrow Created with Sketch.
NEWS New gold-copper assays boost confidence in major porphyry target—discover the potential
right-arrow Created with Sketch.
LU7 Strong preliminary feasibility for Bécancour Lithium Refinery
right-arrow Created with Sketch.
NEWS Uncover the potential at the Storm Project, where exceptional RC drill results reveal 22.9m at 8.5% Cu, indicating significant resource expansion beyond the Cyclone Deposit
right-arrow Created with Sketch.
watchlist Created with Sketch. Add WHC (ASX) to my watchlist
(20min delay)
Last
$7.22 		Change
0.130(1.83%) 		Mkt cap ! $6.040B
Open High Low Value Volume
$7.30 $7.38 $7.13 $78.57M 10.81M

Buyers (Bids)

No. Vol. Price($)
2 177937 $7.21
 

Sellers (Offers)

Price($) Vol. No.
$7.23 4093 3
View Market Depth
Last trade - 16.10pm 30/09/2024 (20 minute delay) ?
WHC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.