NHC last Financial Y/e 31/7/22 .......EBIT A$1.588M, Total Sales A$2.558M, Cash Flow from Operations A$1.139M, NPAT A$983, Average Cost of Production A$45/tonne (up 23% on previous year), Full year Dividend A$0.86, Thermal Coal Average price A$281.8 Aug 22 - Jan 23. Monthly Average Thermal Coal Prices in A$ ....Aug A$560, Sep A$623, Oct A$587, Nov A$518, Dec A$551, Jan A$454 (first 6 months) Lets say an average Sell Price of say A$540 cf Y/e 31/7/22 A$281 (I have tried to adjust for the varying exchange rates) Even if the Cost of Production has gone up another 20+% (fuel prices did drop significantly for a while) this Company is going to achieve a massively increased profit for the 6 months ended 1/23. The average coal price for Feb 23 so far is still around A$325 - way above last year's average. Are my maths any good?
NHC Price at posting:
$5.71 Sentiment: Buy Disclosure: Held
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