This is nothing more than an interesting fact about how quickly markets move.
On 4 Sept 2020 (less than 2 years ago) WHC shares closed at 85 cents, equivalent to a market cap of $878 million.
At current coal prices of US$400/tn, they are generating:
* About $16 million per day EBITDA; or
* About $10 million per day after tax cashflow (including allowance for tax, capital spend, equipment leases)
So the 4 sept 2020 price represents 0.15x EBITDA (i.e. 55 days of current EBITDA) or 0.24x after tax cashflow (i.e. 88 days). We have already had about 20 days above US$400/tn.
Taking into account debt in Sept 2020 of $788 million, the ratios above roughly double, so 0.3xEnterprise Value / EBITDA.
Anyone buy at 85 cents??!! (my best was at 99 cents)
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Last
$7.58 |
Change
-0.050(0.66%) |
Mkt cap ! $6.333B |
Open | High | Low | Value | Volume |
$7.60 | $7.70 | $7.51 | $12.78M | 1.678M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 29964 | $7.58 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.59 | 27935 | 31 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 48 | 7.590 |
18 | 53961 | 7.580 |
13 | 39738 | 7.570 |
8 | 17491 | 7.560 |
16 | 41949 | 7.550 |
Price($) | Vol. | No. |
---|---|---|
7.600 | 33442 | 38 |
7.610 | 45137 | 34 |
7.620 | 49717 | 22 |
7.630 | 24265 | 17 |
7.640 | 21542 | 11 |
Last trade - 13.08pm 30/07/2024 (20 minute delay) ? |
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