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clock Created with Sketch. 15/02/19
12:02
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Originally posted by CaptainBarnacles:
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Div is good news. Revenues up 10.8%, but EBIT margin only up 2%. I suspect the market was expecting higher earnings for the half, even in the face of the demurrage charges etc. Narrabri production guidance having another setback, hopefully back on track FY20, but seems to be full of surprises.
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Thanks, you may be right, I notice that I have holdings in CRN and they climbed, maybe because they 75% metallurgical coal, exposed to the USD and have the deliverables and free cashflow. I took up CRN as a hedge capacity against WHC. I note that S32 that has or is selling its South African Coal Mines also went up today.
Originally posted by CaptainBarnacles:
↑
Div is good news. Revenues up 10.8%, but EBIT margin only up 2%. I suspect the market was expecting higher earnings for the half, even in the face of the demurrage charges etc. Narrabri production guidance having another setback, hopefully back on track FY20, but seems to be full of surprises.
Expand
(20min delay)
