I’m expecting a general sell off till the September quarterly. I think WHC might even visit the $3.00 mark before a move back up. As for the upcoming quarterly, I’m honestly not the most optimistic this is WHC we’re talking about they have habit of underdelivering. I expect a significant lag to spot prices WHC will be lucky to achieve coal prices of $150. For reference the globalcoal Newcastle index price averaged well above $160 from July to the end of September.
With that said these next few days will present a great buying opportunity as fools who know nothing about the coal sector and just how profitable it is get out. The December and March quarterly reports will be insane.
Target $4.61, page-2580
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Last
$7.65 |
Change
0.020(0.26%) |
Mkt cap ! $6.399B | |||
| Open | High | Low | Value | Volume |
| $7.69 | $7.71 | $7.64 | $24.66M | 3.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 22151 | $7.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.66 | 12306 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WHC (ASX) Chart |