@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
$8.09 |
Change
0.070(0.87%) |
Mkt cap ! $6.776B |
Open | High | Low | Value | Volume |
$8.09 | $8.13 | $8.04 | $6.301M | 778.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 15266 | $8.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.10 | 20211 | 34 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 4168 | 8.090 |
10 | 14211 | 8.080 |
14 | 34131 | 8.070 |
9 | 12160 | 8.060 |
9 | 22468 | 8.050 |
Price($) | Vol. | No. |
---|---|---|
8.100 | 7123 | 12 |
8.110 | 16071 | 22 |
8.120 | 20376 | 17 |
8.130 | 24047 | 13 |
8.140 | 31330 | 11 |
Last trade - 10.48am 06/06/2024 (20 minute delay) ? |
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Last
$8.14 |
  |
Change
0.070 ( 1.62 %) |
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Open | High | Low | Volume | ||
$8.09 | $8.17 | $8.03 | 143456 | ||
Last updated 11.06am 06/06/2024 ? |
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