WHC 1.26% $7.25 whitehaven coal limited

Something to remember is that there was $560m of transaction and...

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    Something to remember is that there was $560m of transaction and transition expenses on the profit and loss. This equates to ~66c EPS. If you add this back in you get $1.00 EPS which gives you ~7 PE.

    Then if you are thinking about adding a full year Blackwater and Daunia into the mix you get somewhere between 2-4 PE depending on cap ex.

    Of course thats with the same coal price…
 
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