Borano is - or at least says he is - a trader. When you hear someone say they value a resource company using net asset backing (he isn’t the only one) then take whatever else they may say with a grain of salt.
Building a simple coal DCF isn’t too difficult, I play with one that I initially downloaded from one of the broking houses.
It is important to remember having a dcf model doesn’t given you any special insight, anything you think you know the market also (generally) does. It is a useful tool to test assumptions though.
As on example, one of the bigger brokers uses a punitive discount rate in their valuation model. Running their assumptions at a standard discount rate shows this broker actually has a bottom up valuation for WHC north of $15.
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Last
$7.80 |
Change
0.030(0.39%) |
Mkt cap ! $6.525B |
Open | High | Low | Value | Volume |
$7.82 | $7.95 | $7.74 | $34.20M | 4.362M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 3528 | $7.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.81 | 12070 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 3528 | 7.770 |
1 | 2000 | 7.760 |
3 | 14000 | 7.750 |
3 | 4825 | 7.740 |
2 | 5500 | 7.730 |
Price($) | Vol. | No. |
---|---|---|
7.900 | 4356 | 1 |
7.940 | 5710 | 2 |
7.950 | 11787 | 3 |
7.980 | 970 | 1 |
7.990 | 13167 | 4 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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WHC (ASX) Chart |