WHC 1.37% $5.94 whitehaven coal limited

From Live Wire: "WHC: Shares in the coal miner hit 6-week highs...

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    From Live Wire:

    "WHC: Shares in the coal miner hit 6-week highs today, supported by coal price but also a strong quarter of cash flow. Numbers were largely pre-announced with a slight fall in production as expected.

    On the analyst call, they talked to coal markets remaining tight, supported by recent commentary out of China which is looking to add more coal power to the grid. There continues to be a lack of investment in new supply and still no sign of slowing demand which should further support prices.

    Whitehaven had a positive cash flow of $1.2 billion in the quarter, which compares to their Enterprise Value of ~$3.5 billion, less than 1x Operating Cashflow on an annualised basis."
    Last edited by justinp: 22/04/23
 
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