@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
$8.92 |
Change
0.000(0.00%) |
Mkt cap ! $7.462B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50 | $9.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.03 | 3538 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 246 | 9.360 |
1 | 11160 | 9.350 |
1 | 146 | 9.180 |
1 | 2671 | 9.170 |
3 | 1132 | 9.100 |
Price($) | Vol. | No. |
---|---|---|
8.030 | 2911 | 1 |
8.480 | 6380 | 3 |
8.640 | 179 | 1 |
8.650 | 1489 | 2 |
8.700 | 1169 | 1 |
Last trade - 09.54am 04/07/2024 (20 minute delay) ? |
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