Back in mid April I posted this chart...
2 months to the day unfortunately it seems not much has changed - ie Bathurst is still grossly undervalued, not only based off raw metrics, but clearly relatively speaking too (BRL is bold blue line in this chart)
Although things did get a bit narrower in early June, they've since widened while most coal stocks have recovered strongly, some are the hightest they've been since 2018! (BRL is bold blue line in this chart)
Summary: there is a clear value disconnect and hopefully strong annual results push BRL's share price up towards $2, which given share prices of other coal miners, should be easily reachable. Coal prices also remain surprisingly strong, and the NZD consistently lower than 0.65 USD per $1 NZD I think management last used in their assumptions (currenlty sitting at 61 cents)
Back in mid April I posted this chart... 2 months to the day...
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Last
69.5¢ |
Change
-0.005(0.71%) |
Mkt cap ! $132.9M | |||
| Open | High | Low | Value | Volume |
| 68.3¢ | 69.5¢ | 68.3¢ | $25.44K | 36.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9095 | 69.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.0¢ | 27058 | 2 |
View Market Depth
| Last trade - 12.04pm 16/08/2024 (20 minute delay) ? |
| BRL (ASX) Chart |