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1.35%

7.3¢ cokal limited

Always good to have the ultimate pessimistic view. LOL every...

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12,219 Posts.

1505

24/06/24

14:43

Post #: 74461091
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Originally posted by coeus12345: ↑

The market is pricing the company based on what information the management provides.

14 mt coal owned by Cokal
6% sales royalty paid to Eddie
Average realisatoion at current price - pre Eddie Royalty = $185/t
Average realisatoion Net of Eddie Royalty = $174/t
Average cost of production = $150-160/t
EBIT margin -- pre tax, pre interest expense = $14-24/t
Monthly volume = 2 barges operating at 4000/t x 2x = 16,000 tones
Estimates days of operation = 250 days = 8 months
Annual coal sales volume = 16,000 x 8 = 128,000 tonnes
Annual EBIT margin = US$1.8-3.0 mn
Net Income = say 50% of that post interest and tax = US$900k - US$1.5 mn
Market Cap = US$ 63 mn
P/E ratio - 42x - 71x

Super High P/E ratio at very good coal prices.

Peak pricing and peak multiple ! == EXPENSIVE at current disclosures and operation.

People who overlook the other side of the argument -- have their head in the sand.

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Always good to have the ultimate pessimistic view. LOL every figure is ultra pessimistic, Ha ha surely there is a God that will grant us some good aspects.

CKA Price at posting: 9.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.3¢		Change -0.001(1.35%)		Mkt cap ! $78.76M

Open	High	Low	Value	Volume
7.2¢	7.7¢	7.2¢	$41.14K	548.8K

Buyers (Bids)

No.	Vol.	Price($)
1	39999	7.3¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	393284	2

View Market Depth

No.	Vol.	Price($)
1	39999	0.073
1	60000	0.072
1	250000	0.071
1	25000	0.069
2	150001	0.068

Price($)	Vol.	No.
0.080	50000	1
0.082	40000	1
0.083	100000	1
0.084	55000	1
0.085	2083	1

Last trade - 16.10pm 17/09/2024 (20 minute delay)

CKA (ASX) Chart