PE ratios for thermal coal miners does not mean anything anymore. All of them trade on a low PE ratio but that’s changing for now. PE ratios will increase over time and my guesstimate is that NHC and most other miners will be definitely double digit with a 2 in front.
Dividends will reduce as well and cash will be deployed to further capital expenditure to all mines.
This is how I see it.
need another boom in coal price to see significant increase in share price from here.
Is this not logical?
Do you you think New Acland is going to make a massive difference? It’s probably already factored into the share price.
PE ratios for thermal coal miners does not mean anything...
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Last
$4.76 |
Change
-0.040(0.83%) |
Mkt cap ! $4.023B | |||
| Open | High | Low | Value | Volume |
| $4.81 | $4.81 | $4.73 | $9.769M | 2.052M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 10047 | $4.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.77 | 2100 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| NHC (ASX) Chart |