@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?
- Forums
- ASX - By Stock
- WHC Chart
@Tradergimp Was wondering if you had the inclination to have a...
- There are more pages in this discussion • 977 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WHC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$8.06 |
Change
0.210(2.68%) |
Mkt cap ! $6.743B |
Open | High | Low | Value | Volume |
$7.98 | $8.06 | $7.94 | $29.97M | 3.735M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 83044 | $8.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.06 | 13939 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 875 | 8.030 |
1 | 1500 | 7.980 |
2 | 2500 | 7.950 |
2 | 5340 | 7.940 |
2 | 6829 | 7.900 |
Price($) | Vol. | No. |
---|---|---|
8.060 | 2000 | 1 |
8.070 | 140 | 1 |
8.080 | 54489 | 5 |
8.090 | 18898 | 5 |
8.100 | 31905 | 7 |
Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
|
|||||
Last
$8.03 |
  |
Change
0.210 ( 2.62 %) |
|||
Open | High | Low | Volume | ||
$7.97 | $8.06 | $7.94 | 635689 | ||
Last updated 15.59pm 31/05/2024 ? |
Featured News
WHC (ASX) Chart |