Summary FYI
Coal miner New Hope's (NHC.AU) FY16 result was weaker
than Macquarie expected, but the broker thinks it's in a decent position to take
advantage of buoyant market for thermal coal. "At spot prices, New Hope could
generate A$300 million of free cash flow in FY17," Macquarie says. "Even on our
own price deck, it should generate A$240 million, even excluding further
cost-cutting." Still, it lowers its earnings per share in the fiscal 2016-20 period
by between 1 cent/share and 4 cents/share. Macquarie keeps an outperform call on New
Hope, but trims its price target by 5.6% to A$1.70/share. NHC last traded at A$1.57.
*DJ New Hope Corp Price Target Raised 38% to A$1.80/Share by Macquarie, page-2
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Last
$4.65 |
Change
-0.080(1.69%) |
Mkt cap ! $3.905B | |||
| Open | High | Low | Value | Volume |
| $4.72 | $4.75 | $4.64 | $5.133M | 1.099M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 5085 | $4.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.66 | 67892 | 64 |
View Market Depth
| Last trade - 15.40pm 26/11/2024 (20 minute delay) ? |
| NHC (ASX) Chart |
