There is lot of pessimism for coal companies. Most of the super funds, state government and in general environmental crusader are looking to all possible methods to close these projects. These are futile efforts as coal will continue to be an important part of energy security as confirmed by European nations as fall back options.
Existing coal companies like WHC NHC YAL will continue to thrive and only impediment will be possible higher levies from NSW. Atleast till next election in 2023 levies will continue to be fixed at current levels.
With buyback completion in full swing, the balance issued share are close to 940 million now. It is likely that the management will inform about another buyback program in next FY the issued capital May reduce to below 850 million. With lower issued capital higher dividend and support for SP is expected for another 12 months. I am expecting a final dividend between 70 cents to A$ 1 to be announced in August annual results.
DYOR.
Projected FY 2021-22 and Final dividends, page-30
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Last
$7.69 |
Change
0.120(1.59%) |
Mkt cap ! $6.433B | |||
| Open | High | Low | Value | Volume |
| $7.56 | $7.71 | $7.52 | $39.66M | 5.184M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12500 | $7.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.70 | 52480 | 6 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$7.69 |
Change
0.120 ( 1.24 %) |
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| Open | High | Low | Volume | ||
| $7.55 | $7.71 | $7.52 | 1167402 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| WHC (ASX) Chart |