Not much not to like! Other then refinance...
Feast and famine in the mining space, TER trade looking great. TER definitely feasting on the highest thermal coal prices since 2008/2009 (13 year highs)... Could be company making in that TER may finally be able to pay down debt to a comfortable level in the next 12-18mnths, while growing the company.
- Execution at BA was good
- Takeover of UNV made sense (though coal prices + covid means hindsight suggests poor)
- Export strategy from SA makes a lot of sense - value accreditive
- Current coal price moves in 2021 means significant cash generation
The only thing between us shareholders and the cash generation is the massive debt pile. However I am thinking the company will re-instate the dividend due to this strong cash generation, and also the ability to amortise the debt (which they couldn't previously).
Not much not to like! Other then refinance...Feast and famine in...
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Last
22.5¢ |
Change
-0.005(2.17%) |
Mkt cap ! $180.2M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.0¢ | $393.8K | 1.759M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 122072 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 121423 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| TER (ASX) Chart |