My wording was perhaps too heavy. Agree one should not hold management accountable for market timing, its just been my observation some companies stopped share-buy backs during severe market downturns and decided to pay a dividend instead.
Anyhow your analysis is sound, however the past does not reflect the future, right now there is a structural change with reduced demand of coal in favour of renewable energy worldwide, this is the main risk I see going forward and is what's holding me back. Companies like AGL are shutting down their coal plants. Imo management should use the funds to make some acquisitions to open up new growth areas outside of coal, especially given cheap asset prices at the moment. I don't know too much about commodity, but if one believes there is genuine demand for coal in long-term and prices will recover in the coming years, then Aurizon is definitely worth a punt.
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Last
$3.57 |
Change
-0.045(1.25%) |
Mkt cap ! $6.598B |
Open | High | Low | Value | Volume |
$3.62 | $3.63 | $3.55 | $11.30M | 3.160M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
79 | 222689 | $3.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.57 | 159703 | 75 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
80 | 204142 | 3.560 |
47 | 310413 | 3.550 |
19 | 243963 | 3.540 |
15 | 244581 | 3.530 |
12 | 72019 | 3.520 |
Price($) | Vol. | No. |
---|---|---|
3.570 | 171049 | 70 |
3.580 | 268651 | 31 |
3.590 | 221673 | 25 |
3.600 | 130736 | 14 |
3.610 | 250945 | 13 |
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