I'm on the side they get US$800m or less for 20% of Blackwater.
The website referenced is just bullish on WHC and the value of Blackwater. I get that. But the $4.9b DCF for Blackwater is based on a 10% discount rate. No one is buying coal equities using a 10% discount rate. Coal companies can't even get debt at 10%!
So I come back to the transaction price of Blackwater and Daunia of US$3.2b to US$4.1b. They'll get some premium, otherwise they just don't sell. But it ain't the insane premiums people are quoting.
As I've said, I'll bake a gingerbread hat and eat it if they get US$1b or more for 20%.
Target $18.72, page-8680
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Last
$7.41 |
Change
-0.110(1.46%) |
Mkt cap ! $6.199B | |||
| Open | High | Low | Value | Volume |
| $7.58 | $7.58 | $7.40 | $30.15M | 4.052M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 211007 | $7.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.41 | 4070 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$7.41 |
Change
-0.110 ( 1.12 %) |
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| Open | High | Low | Volume | ||
| $7.58 | $7.58 | $7.40 | 1123053 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| WHC (ASX) Chart |