1.To whom is your post directed- you did not indicate? I certainly don't have a "moral issue with coal", it is essential for a modern, good standard of living.
I cited Rick Rule, so am obviously very much in favour of more utilisation of coal power, to provide cheap, reliable, baseload electricity for billions of people in the world.
I agree that aircons are needed for many more people (particularly the elderly), when heat waves occur, for health reasons; & that solar & wind power cannot provide cheap, reliable, baseload power to power all the aircons etc. needed. There will be a need to increase coal-generated power.
2. FNArena S. Mills 20.7.23 said"Brokers Have Their Say
Citi is on the side of rising coal prices, observing realised prices hit a record average of US$445/t in FY23 versus US$325/t in FY22. The broker believes the Newcastle coal price forecast appears low given resilience in spot pricing.
As a result, the broker retains a Buy, High Risk, rating and $7.80 target price.
Ord Minnett also takes a positive view and Whitehaven Coal remains its top thermal coal sector pick, the broker appreciating its high-quality thermal mines and pipeline for metallurgical coal.
But the broker does spy headwinds for FY24, citing costs, a delayed tax payment to the December half, and Werris Creek closure and capital expenditure.
All up, the broker retains a Buy rating and its target price edges up to $8.40 from $8.30".
It's good to see that Ord Minnett has raised its SP Target for WHC to $8.40- this is the highest TP, from a broker, that I am aware of in the last 2 months.
Can anyone post please here the Ord Minnett report; &/or the Citi report?
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Last
$7.43 |
Change
0.020(0.27%) |
Mkt cap ! $6.215B |
Open | High | Low | Value | Volume |
$7.40 | $7.52 | $7.34 | $27.42M | 3.683M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 12744 | $7.42 |
Sellers (Offers)
Price($) | Vol. | No. |
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$7.43 | 15860 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 600 | 7.420 |
4 | 14722 | 7.410 |
9 | 112375 | 7.400 |
5 | 64624 | 7.390 |
4 | 15520 | 7.380 |
Price($) | Vol. | No. |
---|---|---|
7.430 | 15860 | 2 |
7.450 | 7029 | 3 |
7.460 | 28345 | 1 |
7.470 | 22247 | 1 |
7.480 | 550 | 1 |
Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$7.42 |
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Change
0.020 ( 0.16 %) |
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Open | High | Low | Volume | ||
$7.39 | $7.52 | $7.33 | 803126 | ||
Last updated 15.59pm 17/05/2024 ? |
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