My postage stamp analysis tells me that at US$200 per tonne, WHC will make net profit after tax of $1.76billion for 14m tonnes of coal.
This is a PE of around 2
We have pretty much averaged that since 1 Jan and it could easily stay there for 12 months.
At a 50%,payout ratio there would be 85c dividend (probably franked) and I think they would probably go higher than 50%.
So movements at prices above $200 should not be too concerning to us.
The key is we seem to be in a long term supply deficit, which should easily support prices at US$200 and above for a number of years.
Target $4.61, page-6009
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Last
$7.61 |
Change
-0.140(1.81%) |
Mkt cap ! $6.366B | |||
| Open | High | Low | Value | Volume |
| $7.74 | $7.76 | $7.56 | $40.65M | 5.337M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 80474 | $7.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.62 | 19579 | 5 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
$7.57 |
Change
-0.140 ( 2.24 %) |
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| Open | High | Low | Volume | ||
| $7.72 | $7.76 | $7.56 | 1347484 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| WHC (ASX) Chart |