I think the reason for lower dividend is that WHC wants to clear current debts and make hefty cash balance in coming days. WHC needs a lot of own cash if wants to develop Vickery since getting loans from financial institutions would be very difficult for a coal company. WHC mainly developed this current high debt level as they paid very high dividend two years ago. I think they got the lesson and never want to see the company is in a position with that high debt level. Due diligence is needed to determine the dividend rate considering cash needed for capital expenditure.
Good to see gc NEWC index is showing strong positive future price.
DYOR, all the best.
Cheers,
Gain7
Target $4.61, page-4332
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Last
$7.84 |
Change
0.140(1.82%) |
Mkt cap ! $6.558B | |||
| Open | High | Low | Value | Volume |
| $7.70 | $7.91 | $7.69 | $32.80M | 4.171M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9995 | $7.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.85 | 8800 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$7.87 |
Change
0.140 ( 2.63 %) |
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| Open | High | Low | Volume | ||
| $7.70 | $7.91 | $7.69 | 934157 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| WHC (ASX) Chart |