Important to note there has been a big turnaround in the price of metllurgical coal to $380/t. Met coal contributed 1.3b in ebitda to S32 in FY22 representing 1/3 of their FY22 EBITDA. The average sale price in FY2 was $385/t. Hence it surging back to that point will likely mean that optimism in the share price could remain until this comes back down to earth. I am more optimistic then bearish. The whole china reopening and tight supply will feed well with S32 over the next year. I am really cautious about hillside and south africa but if it remains open in the next year we can have some really strong upwards moment.
Long term valuation, page-9
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Last
$3.70 |
Change
0.170(4.82%) |
Mkt cap ! $16.75B | |||
| Open | High | Low | Value | Volume |
| $3.65 | $3.72 | $3.61 | $102.3M | 27.84M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 216566 | $3.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.71 | 7952 | 5 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| S32 (ASX) Chart |