they dig less coal out of the ground (leaving more coal for the future)
they get record prices for the coal
they generate 358.6m EBIDA in a quarter (it's got to be a record)
they generate 281.8m of cash (probably a record too)
If this quarter was annualised, it would be an EBIDA of 1.434b and cash generation of 1.127b On a market cap of 3.371b, that is a PE of 2.35 (I have triple checked it and it still feels like an error!) ... not to mention the truck tone of franking credits For whatever reason (ESG or doubt of future coal prices), the share price is suppressed ... but the cash keeps coming. At this share price, you only have to beleive that prices stay elevated for a few more months to justify the risk
... I wish we would continue to have bad/disappointing quarters like this forever.
For comparison, check out early 2018, the share price was riding high ~$4 ... heir "best half results in Company's history" (source: financial results for half year ended Jan 2018) Note, this is a half not a quarter.
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