Ahh I didnt know that. In which case, on market buybacks and franked dividends are best.
It's so hard to justify selling an asset with
a market cap of 8.7 billion
cash of 1.9 billion (end of september quarter)
and banking over a billion NPAT each quarter.
(8.7-1.9)/1 = 6.8 quarters to pay back entire market cap. Sure prices probably won't hold so high. But I think its fair to assume this quarter + next 2 quarters will be closer to 4 billion.
So the company is basically being valued at 2.8 billion after cash come July next year. Which even if coal price drops to $150 is still 700m of earning. Coal price would have to catastrophically crash to lose money on this
Ann: Update - Notification of buy-back - WHC, page-11
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$7.49 |
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Mkt cap ! $6.266B | |||
| Open | High | Low | Value | Volume |
| $7.51 | $7.54 | $7.41 | $31.91M | 4.254M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4175 | $7.45 |
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| Price($) | Vol. | No. |
|---|---|---|
| $7.49 | 5761 | 1 |
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