their pe is calculated on January 23 to December 23. That's their reporting dates I assume it's due to the Hong Kong listing. Coal prices were strong first half of 23 but weak second half so if coal prices keep up their current rate and production is strong we can match last year. The futures are pricing a sustainable price in the 140s usd.
if the coal price runs up from here we will have significant upside.
my biggest question mark is what do we do with the mountain of cash? Buy backs are out of the question as they already want to reduce the yankuang and Cindy holding for asx 300 inclusion. A massive dividend 50c or so full franked in sept would be nice. I secretly hope they buy Anglos met coal with cash and debt... that would set us up for some monster profits in 2 years or so.
Should be at least double, page-60
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