MCC macarthur coal limited

The guidance is for this financial year. 1st, this year mcc...

  1. 13 Posts.
    The guidance is for this financial year.
    1st, this year mcc comes with a gain of 41.9M on the disposal of interests. So the total would be at least 185M. Upper bound is 205M.
    2nd, although gain of a sale is a one time event, the rain as experienced this time is also one time event, in while at least. I can not see any reason why next financial year mcc would be effected for 5 months in production! With much higher coal price, what would be the increase for 1st half of 2012?

    market is looking forward, may be 3-6 months. That effect has been priced in. Otherwise you can buy mcc at this level?

    FML became a large holder and you can check in their original document, average price is about 12.45. They still are a large holder. Deutsche bank upgraded to a "buy" we knew this on 18/03/2011 when price closed at 11.48. Credit suisse upgraded mcc to "outperform", price closed at 11.93 on 15/04/2011. Macquarie Report put a 14.5 12 month target price as posted here.

    You have a target price 7.5.

    Well I added my trade line today, in case it drops further I will load up full.

 
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