This is a solid results by any measurements -
The Big boys are shaking the tree with gloomy headlines like "Whitehaven share price crumbles on plunging half-year revenue".
comparing the windfall results during the superhigh coal prices. WHC is a low cost producer and the H1F24 results shows it is a money making machine.
The acquisition of Dauner & Blackwater is financed from the existing cash pile and syndicated Finance facillities.
WHC management is considering selling a 20% stake in the Blackwater mine to global steelmakers instead of using the syndicated finance facillities and if prices are right may even sell up to 30%.
The $0.07 dividend is a tick in the confidence box by management to be able to remain a profitable cash printing machine company even if coal prices remain at the current low level.
WHC is on track to morph into a metallurgical coal miner and the results announced today is very positive and not the "gloom and doom" painted by the Big Traders.
This is a solid results by any measurements -The Big boys are...
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Last
$7.57 |
Change
0.140(1.88%) |
Mkt cap ! $6.333B | |||
| Open | High | Low | Value | Volume |
| $7.46 | $7.67 | $7.45 | $29.96M | 3.944M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13196 | $7.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.57 | 31506 | 4 |
View Market Depth
| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
$7.54 |
Change
0.140 ( 1.70 %) |
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| Open | High | Low | Volume | ||
| $7.45 | $7.67 | $7.45 | 998194 | ||
| Last updated 15.59pm 20/05/2024 ? | |||||
| WHC (ASX) Chart |