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%.
I'm on the side they get US$800m or less for 20% of...
Add WHC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.67 |
Change
-0.020(0.26%) |
Mkt cap ! $6.416B | |||
| Open | High | Low | Value | Volume |
| $7.70 | $7.73 | $7.57 | $18.76M | 2.458M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 237 | $7.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.67 | 12104 | 1 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
|
|||||
|
Last
$7.63 |
Change
-0.020 ( 0.72 %) |
||||
| Open | High | Low | Volume | ||
| $7.70 | $7.70 | $7.57 | 545550 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| WHC (ASX) Chart |