I agree , however coal stocks will never again trade at those multiples due to potential long term growth and regulatory risk .
And we will at some stage will need cash.
Banks and companies like transurban have easy access to credit because there are plenty of super companies and sovereign wealth funds looking to park money in long term annuity stocks. We are not that.
We may at some stage need a cash injection via capital raise and when and if that occurs I guarantee the market would have priced that in with a much lower SP.
That’s is the reason I have consistently argued that share buyback is not the best long term strategy. Cash reserves are more versatile for a much maligned coal company over the longer term. With sensibly dividends of course.
I agree , however coal stocks will never again trade at those...
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Last
$7.70 |
Change
0.010(0.13%) |
Mkt cap ! $6.441B | |||
| Open | High | Low | Value | Volume |
| $7.74 | $7.74 | $7.64 | $35.03M | 4.557M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 36489 | $7.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.70 | 12215 | 3 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| WHC (ASX) Chart |