This is a solid results by any measurements -
The Big boys are shaking the tree with gloomy headlines like "Whitehaven share price crumbles on plunging half-year revenue".
comparing the windfall results during the superhigh coal prices. WHC is a low cost producer and the H1F24 results shows it is a money making machine.
The acquisition of Dauner & Blackwater is financed from the existing cash pile and syndicated Finance facillities.
WHC management is considering selling a 20% stake in the Blackwater mine to global steelmakers instead of using the syndicated finance facillities and if prices are right may even sell up to 30%.
The $0.07 dividend is a tick in the confidence box by management to be able to remain a profitable cash printing machine company even if coal prices remain at the current low level.
WHC is on track to morph into a metallurgical coal miner and the results announced today is very positive and not the "gloom and doom" painted by the Big Traders.
Ann: Half Year FY24 Results Presentation, page-88
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Last
$7.70 |
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Mkt cap ! $6.441B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.79 | $7.66 | $18.32M | 2.378M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 30034 | $7.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.71 | 32743 | 7 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$7.69 |
Change
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| Open | High | Low | Volume | ||
| $7.72 | $7.78 | $7.66 | 438624 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| WHC (ASX) Chart |