WHC 0.00% $7.69 whitehaven coal limited

Really good announcement.Increase to $550m with 26.9m shares...

  1. 120 Posts.
    lightbulb Created with Sketch. 101
    Really good announcement.

    Increase to $550m with 26.9m shares still to be bought.

    Given they have spent $362m already, this leaves $188m for the remaining 26.9m shares.

    That means they are giving themselves room for an average price if $7.00 per share.

    Since we are currently at $4,68 per share, they are expecting to pay much more than $7 per share over the period.

    That tells us how cheap the shares currently are.

    Also, future buybacks coming
 
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