That’s why the forecast they have given for FY19 is soooooo low ball.
There are five factors that I can see.
( stockton only as n/d and s/d are quite consistent )
1. Amount sold
2. Price of coal
3. % of coal received
4. Exchange rate.
5. Production cost
For FY19 they have stated
EBITDA of 75 million
Sales of 1.1 ( bathurst 715 )
Coal at us$165
76% of price
Exchange at .71
Costs of nz$102
The ones that we can keep an eye on ( and they are smashing) is coal price and exchange rate.
The other 3 we get and idea each quarter that is sales, % of price and cost.
But given they have achieved 114 this year.
Surely it’s looking good to smash the forecast.
BRL Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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