Strong sentiments against coal will create huge barriers for new coal projects specifically approval from Govt and impacted communities. This will restrict new coal projects or delays the projects in approval. Already there is a sentiment that no new coal project is approved.
It is also a fact that coal is required for medium to long term for growing energy demands. Coal is still cheapest source of energy at elevated prices. Already projections are that demand for coal will increase for next few years. This additional demand of coal will be difficult to met from existing coal projects.
Coal companies like NHC and WHC in Australia will continue to take advantage for this and will be generating huge cash. Proper utilisation of this cash will determine the price of SP. If the board divert this cash for long term projects like Winchester or any other expensive acquisitions the SP will depress. Debt repayment and awarding the investors with proper dividends will be right strategy
Target $4.61, page-4953
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Last
$8.03 |
Change
-0.070(0.86%) |
Mkt cap ! $6.717B | |||
| Open | High | Low | Value | Volume |
| $8.14 | $8.16 | $8.03 | $22.02M | 2.733M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 56103 | $8.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.05 | 4577 | 1 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$8.05 |
Change
-0.070 ( 0.43 %) |
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| Open | High | Low | Volume | ||
| $8.13 | $8.15 | $8.05 | 530224 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| WHC (ASX) Chart |