In coal trading the margin coals usually pertain to swaps. Ie at some point peabody decided to convert some of their index linked sales to fixed price by selling swaps. This instrument assures Peabody to effectively receive 80usd for their index linked trade however when the index rises, the swap will have negative value and the cash equivalent needs to be posted as collateral. In current market these cash calls can be so large that they pose a significant drain on liquidity and in some cases could even cause bankruptcy by total surprise.
We should be glad whc does not trade swaps.
Target $4.61, page-6190
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Last
$7.63 |
Change
0.140(1.87%) |
Mkt cap ! $6.383B | |||
| Open | High | Low | Value | Volume |
| $7.59 | $7.65 | $7.52 | $30.32M | 3.990M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 110097 | $7.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.63 | 13368 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| WHC (ASX) Chart |