The share price slump is primarily due to the company not issuing price of coal it is recieving on both spot & contracts. There has been alot of speculation about price spikes due to cyclone Debbie and then downward pressure on price due to lower Chinese demand. At Present MR Market has marked down WHC to worst case scenario and the company seems to not care.
It has, however, confirmed its forecast in production volume to June 30th which will see a lift in production for the June Qtr over that of March.
We can only surmise that there has been no June contract prices agreed on and that Mar Qtr
contract prices will apply. If that is so then June revenue should be better than that of March due to higher volume.
WHC following the market?, page-10
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Last
$6.56 |
Change
-0.140(2.09%) |
Mkt cap ! $5.027B | |||
| Open | High | Low | Value | Volume |
| $6.74 | $6.74 | $6.53 | $29.32M | 4.446M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20085 | $6.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.57 | 15633 | 1 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| WHC (ASX) Chart |
