NHC 2.74% $4.87 new hope corporation limited

Ann: Half Year Profit Guidance, page-13

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,118 Posts.
    lightbulb Created with Sketch. 37
    NHC (and other coal stocks) has dipped on low volume probably due to supposedly negative general news in copyright link about China coal market, I.e. China Government will not reinstate coal production day limits after their winter if coal prices drop too low. They are trying to support viable mines and cut oversupply.
    Not mentioned was they are trying to cut out pollution due to low grade coal.

    Why is this negative for NHC who should report good results early next week (preannounced a few weeks ago).
    They even mentioned the higher coal price has enabled them to run New Acland for longer (how long?) while they wait for approval of the expansion.
    Some rumours that NHC are a bidder for the remainder of Bengalla from WES. Is this good/bad for NHC sp in the short term, depends on how much and how they pay, I suppose?
    I just topped up at ~161c.
 
watchlist Created with Sketch. Add NHC (ASX) to my watchlist
(20min delay)
Last
$4.87
Change
0.130(2.74%)
Mkt cap ! $3.905B
Open High Low Value Volume
$4.82 $4.91 $4.78 $11.28M 2.320M

Buyers (Bids)

No. Vol. Price($)
7 29448 $4.87
 

Sellers (Offers)

Price($) Vol. No.
$4.89 1 1
View Market Depth
Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
NHC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.