YAL 1.19% $5.95 yancoal australia limited

Ann: Quarterly Activities Report, page-14

  1. 300 Posts.
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    Very little change in the June quarter. Sales possibly slightly lower than expected offset by higher than expected realised prices. I estimate NPAT for first half of 2024 of around $400m (around 30 cents per share). Looking to the second half of 2024, sales are likely to be significantly higher which is likely to be partly offset a drop in realised met coal prices (based in where the met coal price is today). This implies NPAT for first half of 2024 of around $400m (around 30 cents per share).

    Re dividends, at some point there needs to be a shift in dividend policy with 100% of NPAT being paid as a dividend. If this happens when the 2024 half year result is announced in Aug 24, then we get around 30 cent per share as a dividend in early Oct 24 and again in early April 25.
 
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