200SMA may cross the 50SMA in the coming days, chart looks very positive. MACD looks good, and volume increasing into the rally, IMO $3/share is on the cards in the next 6mnths.
The upside on from $3, IMO will be underpinned by the future dividend.
Newc thermal is steady at USD$175/t, the long it remains steady the longer YAL bathes in the profits...
A bit of extrapolation on the coal price front, Low-Vol PCI is currently trading at USD$212/t, 6000kcal Newc is trading at USD$177/t. Not sure on semi-soft coking coal, API5 is around the USD$130/t mark.... I have sketched in my Sept quarter pricing estimates and then thrown in an estimated Dec quarter - YAL literally will be making about USD$90/t extra on all coal sales in the Dec quarter - an uplift of USD$90/t would represent an increase in EBITDA of $USD780M for a quarter, $USD1.6B for a half.
One thing is certain, these prices will not remain. however, YAL in the current environment will be printing money and paying a significant future dividend
Ann: 2021 First Half Financial Result Announcement, page-19
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Last
$6.09 |
Change
0.030(0.50%) |
Mkt cap ! $8.041B | |||
| Open | High | Low | Value | Volume |
| $6.05 | $6.12 | $5.90 | $12.70M | 2.099M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $6.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.13 | 12098 | 3 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| YAL (ASX) Chart |