Share price down more than 35% over the last 14 trading days breaking all support levels which IMO would indicate something seriously amiss or potential CR at ridiculous price and so worry about holding in case of surprise CR trading halt.
The presentation however paints a more optimistic picture. They still have around $150 available credit with profits of around $20m per month and a high quality product premium markets and good assets and so feel more confident that WHC could be bargain buying right now, although situation can change quickly in this environment especially when holding big debts (approx net $900m) with market cap of $650m.
I am not so confident about the 25% leveraging figure as it is based on book price and at current valuations is looking closer to 60% geared. Without the debt WHC could be worth $3 at $75 coal price and so it could be a reasonable takeover proposition by cashed up predator.
Just my thoughts...
Share price down more than 35% over the last 14 trading days...
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Last
$5.94 |
Change
0.080(1.37%) |
Mkt cap ! $4.969B | |||
| Open | High | Low | Value | Volume |
| $5.94 | $6.08 | $5.86 | $47.56M | 7.947M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21033 | $5.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.96 | 7000 | 1 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| WHC (ASX) Chart |