This is why I believe the buyback is so important. Coal prices are never going to stay at $400/t. A smart combination of BB and dividends could ensure both income return and capital maintenance for those interested in staying the course. No doubt at $200/t the company is making healthy profits but the question is how many SOI. I can't see them getting to 700m SOI this year - the rampup in BB would have quite the impact on the SP which I am not sure the company would welcome. Perhaps the board is thinking a BB for longer (say at 10%) in the interest of supporting the SP whilst returning profits? time will tell...
This is why I believe the buyback is so important. Coal prices...
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Last
$7.95 |
Change
-0.030(0.38%) |
Mkt cap ! $6.650B | |||
| Open | High | Low | Value | Volume |
| $8.00 | $8.04 | $7.88 | $25.32M | 3.182M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $7.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.98 | 16494 | 3 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$7.94 |
Change
-0.030 ( 0.64 %) |
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| Open | High | Low | Volume | ||
| $8.00 | $8.03 | $7.88 | 878235 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| WHC (ASX) Chart |