@Tradergimp
Was wondering if you had the inclination to have a look at WHC. I think it would be a good contrarian play or ST trade.
Some background.
Aussie coal producer, MC ~450M 1B shares on issue.
Just spent 900M building a thermal coal open pit - construction has finished, debt has peaked at ~900M.
Product is receiving a premium in the market ~7%
Current margins are ~$14/t
Made a profit last half (7M) fter some hefty one of payments ~45M to tax office.
Cash flow of 118M / half
Currently increasing production with aimed cost savings of $1-2/t (management like to under-promise and over deliver)
Brokers have TP of 0.30-$1.7
Major US shareholder (Napier) selling out approx 30M? shares left (under 5% late Jan).
The thing is, I like everything about WHC .... except the trend of the coal price. I mean you have a hated sector, a pressured seller, while the company is improving its operations and though it has a lot of debt, it appears easily serviceable even in this market with current cash flow.
So my question to you would be is there a daily / weekly signal in the trading that would identify the seller is finished?
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Last
$7.75 |
Change
-0.160(2.02%) |
Mkt cap ! $6.483B |
Open | High | Low | Value | Volume |
$7.85 | $7.88 | $7.71 | $19.66M | 2.529M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 13499 | $7.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.75 | 33221 | 42 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
39 | 20990 | 7.730 |
23 | 34579 | 7.720 |
20 | 47600 | 7.710 |
28 | 80093 | 7.700 |
13 | 19944 | 7.690 |
Price($) | Vol. | No. |
---|---|---|
7.740 | 21514 | 57 |
7.750 | 40081 | 37 |
7.760 | 33425 | 30 |
7.770 | 34077 | 17 |
7.780 | 35759 | 10 |
Last trade - 14.29pm 24/07/2024 (20 minute delay) ? |
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