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$6.20 yancoal australia limited

Thanks jace, appreciate the reply.

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jman0076

1,112 Posts.

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24/04/24

20:13

Post #: 73505160
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Originally posted by jace.h: ↑

1. Yes - so you have a smaller pool of potential investors; they are also mostly thermal coal (used for energy, whereas metallurgical coal is used for steel), and some investors aren't allowed to invest in thermal, so you have an even smaller pool of potential investors
2. Yes - but (i) it should be liquid enough for retail investors who are long term e.g. $9m of stock changed hands today; (ii) many are uncomfortable with a Chinese majority owner, so you have an even smaller pool of potential investors; by this stage, most of the investors have ruled themselves out
3. No - they've been paying out at least 50%; of course, everyone wants more but that's another story
4. No - but it is possible and they've already suffered from royalty increases from first Queensland and second New South Wales in recent years

Related to 3 is capital management. People are scared they'll torch the cash on M&A, renewables and/or the boogeyman.

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Thanks jace, appreciate the reply.

YAL Price at posting: $5.54 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $6.20		Change -0.030(0.48%)		Mkt cap ! $8.186B

Open	High	Low	Value	Volume
$6.24	$6.28	$6.16	$1.970M	317.6K

Buyers (Bids)

No.	Vol.	Price($)
10	7287	$6.18

Sellers (Offers)

Price($)	Vol.	No.
$6.20	13022	21

View Market Depth

No.	Vol.	Price($)
11	6350	6.180
7	16252	6.170
7	32619	6.160
6	26504	6.150
3	86632	6.140

Price($)	Vol.	No.
6.190	7636	11
6.200	11066	11
6.210	10402	11
6.220	18540	3
6.230	8885	3

Last trade - 12.22pm 17/06/2024 (20 minute delay)


Last $6.20			Change -0.030 ( 0.67 %)
Open	High		Low	Volume
$6.26	$6.26		$6.16	70317
Last updated 12.42pm 17/06/2024 ?

YAL (ASX) Chart