YAL 3.12% $6.28 yancoal australia limited

YAL vs WHC, page-330

  1. 7,510 Posts.
    lightbulb Created with Sketch. 1104
    for Fy22 dividend yes, but then what?
    if coal price really does drop and stays down, even to say USD$200 (which would be still high by long term historical prices) the. FY23 and onwards would show a large decrease in dividends, market will "know this" and then front run the share price downwards.

    no point collecting a dividend only for share price to drop.

    All depends on the coal price, and nobody knows exactly where it will trades

    hence my 30% retained position.
    one foot in one foot out so to speak, with a smaller position in the portfolio
 
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