@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?
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@Tradergimp Was wondering if you had the inclination to have a...
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Last
$6.91 |
Change
0.240(3.60%) |
Mkt cap ! $5.027B |
Open | High | Low | Value | Volume |
$6.82 | $6.99 | $6.80 | $39.70M | 5.729M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 23887 | $6.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.91 | 9762 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 56746 | 3.990 |
2 | 83639 | 3.980 |
9 | 191368 | 3.970 |
7 | 254997 | 3.960 |
6 | 144377 | 3.950 |
Price($) | Vol. | No. |
---|---|---|
4.000 | 304134 | 13 |
4.010 | 150853 | 9 |
4.020 | 176258 | 9 |
4.030 | 298519 | 10 |
4.040 | 101701 | 4 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
WHC (ASX) Chart |