Interesting to look at the Yal result compared to WHC.
On my numbers, WHC should generate about $2bil of operating cashflow, which is pretty close to YAL. Give or take 10% either way depending on Met prices and Thermal (Lets call it close to even).
Yal has $1.5bil cash which gives it a market cap around $7.7bil adjusted (EV).
WHC has no cash right now, but that could change with the sell down. Debt of $1.7bil Plus market cap of $6.2bil = $7.9bil Enterprise value.
Market has priced both companies pretty equally. However, if WHC does achieve a $1.2bil sale price, suddenly WHC looks extremely cheap comapred to Yal ($6.7bil EV). That would make WHC at least 15% cheaper than YAL, and you have no concerns over China ownership.
Suspect we will see YAL pull back at least 10% today. WHC may find some new investors.
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Last
$6.99 |
Change
0.250(3.71%) |
Mkt cap ! $5.847B |
Open | High | Low | Value | Volume |
$6.93 | $7.07 | $6.82 | $48.33M | 6.935M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 6200 | $6.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.00 | 6264 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 4569 | 6.990 |
2 | 67463 | 6.980 |
1 | 3465 | 6.970 |
2 | 8702 | 6.960 |
2 | 1431 | 6.950 |
Price($) | Vol. | No. |
---|---|---|
7.020 | 10500 | 2 |
7.040 | 105000 | 2 |
7.050 | 4031 | 1 |
7.060 | 109817 | 5 |
7.070 | 21262 | 2 |
Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
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