These were my good and bad points:
Bad News
- Decrease in coal production of 9% bengalla (they say due to dragline being out of action for 28 days)
- Decrease in coal sales of 14% bengalla (reason is ‘because’)
- Increase in Royalty rates going forward from end of FY24 from 8.2% to 10.8%
- average coal price for the quarter was US$148.05, up 4% from US$142.39. No unsold supply until Jan 2024. This is a bad thing if we are missing out on increase in price with the assumption supply sold at US$142.
Good News
- $107.6m in Dividends still to come this year which should bring the share count down by ~2.4%
- Some of decrease in production was maintenance to allow for ramp up in second half of FY24 so hopefully get positive
- We have coal mined from New Acland (Yay). But not sold yet (Awww)
Did I miss anything? How bad is the 9% and 14% decrease?
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$3.95 |
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Mkt cap ! $3.339B | |||
| Open | High | Low | Value | Volume |
| $3.95 | $3.97 | $3.92 | $21.97M | 5.529M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 393240 | $3.95 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.96 | 4356 | 1 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| NHC (ASX) Chart |