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2.63%

7.4¢ cokal limited

in summary, $10 margin and 2 barges doing 16 loads per year...

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Glpg

1,926 Posts.

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24/06/24

19:56

Post #: 74467134
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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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in summary, $10 margin and 2 barges doing 16 loads per year each

that’s the basis for your valuation?

Sounds worse than silly to me, verging on clownish

CKA Price at posting: 9.2¢ Sentiment: Hold Disclosure: Held
5 Upvote

2 Great analysis

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(20min delay)
Last 7.4¢		Change -0.002(2.63%)		Mkt cap ! $79.84M

Open	High	Low	Value	Volume
7.5¢	7.8¢	7.2¢	$82.88K	1.128M

Buyers (Bids)

No.	Vol.	Price($)
2	200000	7.2¢

Sellers (Offers)

Price($)	Vol.	No.
7.8¢	57954	2

View Market Depth

No.	Vol.	Price($)
2	200000	0.072
1	70423	0.071
2	171851	0.070
1	14720	0.068
1	50000	0.062

Price($)	Vol.	No.
0.078	57954	2
0.080	170455	2
0.082	82510	1
0.085	174410	1
0.089	40750	1

Last trade - 15.41pm 14/11/2024 (20 minute delay)

CKA (ASX) Chart