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
$2.96 |
Change
-0.020(0.67%) |
Mkt cap ! $13.40B | |||
| Open | High | Low | Value | Volume |
| $2.96 | $2.99 | $2.93 | $27.52M | 9.299M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 138332 | $2.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.97 | 11413 | 5 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| S32 (ASX) Chart |