$300m AUD net income ($600m annualised), market cap is 2.75B (with 292m AUD net cash). $155 million AUD higher inventory balance expected to be cleared in September.
That's a PE of 4.6, P/E (3.8 P/EV if you count the inventory) during a commodity price slump, which will more than likely recover now if/when China does any form of stimulus.
Still, even with these conditions this is paying close to 10% dividend annualised. Long term outlook for Met coal seems bright.
I have only bought a few shares recently but will be looking to increase holdings. Were you expecting more even with the current coal prices as they were in the last 6 months?
$300m AUD net income ($600m annualised), market cap is 2.75B...
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$1.19 |
Change
0.010(0.85%) |
Mkt cap ! $1.986B | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.20 | $1.18 | $3.376M | 2.839M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 199815 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 10468 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CRN (ASX) Chart |