Like with share buy backs at $9 to $10, this deal is mediocre at near record met coal prices.
You see, as soon as SP declined, that is when they should have been the most vigorous with buybacks, but they waivered.
It is a 'good' acquisition for WHC in many a sense, allows greater blending for future market conditions etc.
BUT any deal is a bad deal at the wrong price or at the wrong time.
WHC is essentially positioning itself for a revert to 2019/2020 balance sheet woes.
Poor buying at this price IMO, with no revenue in sight from this operation until end of next year.
In the meantime, profits continue to fall with struggling coal prices.
Like with share buy backs at $9 to $10, this deal is mediocre at...
Add WHC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.98 |
Change
0.140(1.79%) |
Mkt cap ! $6.676B | |||
| Open | High | Low | Value | Volume |
| $7.88 | $8.00 | $7.82 | $25.93M | 3.268M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2345 | $7.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.99 | 3629 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$7.98 |
Change
0.140 ( 1.59 %) |
||||
| Open | High | Low | Volume | ||
| $7.89 | $8.00 | $7.82 | 1002222 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| WHC (ASX) Chart |