share price may drop somewhat on primary market concerns of over paying for the acquisition and the potential capital raising.
For myself I am holding and will add if the share price has a reasonable further price drop.
Overall for me their underlying business has wide economic moats and regardless of individual countries 'oral positioning' on coal, global coal usage will still be with us for many many years, Australian coal is one of the best in the world (with highest energy extraction which means less emissions), and because of their wide economic moats, AZJ underlying business will be fine.
If the ESG crowd means reduced institutional support, this has no effect on the underlying business (except for cost of debt funding potentially, but this can be passed on to customers), it only has an effect on the share price.
I invest based on underlying business worth, not based on a sectors popularity.
Ann: Agreement for acquisition of One Rail Australia, page-39
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Last
$3.51 |
Change
0.040(1.15%) |
Mkt cap ! $6.460B | |||
| Open | High | Low | Value | Volume |
| $3.46 | $3.52 | $3.46 | $23.44M | 6.691M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42269 | $3.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.52 | 52291 | 4 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| AZJ (ASX) Chart |