Lower Coal Price and Share Price Sees New Hope Undervalued, AUD 3.50 FVE Retained
No-moat rated New Hope’s shares have sold off significantly. After reaching highs of AUD 4.50 in March, the shares are down nearly 40% to below AUD 2.80 per share. We attribute the sell-off to soft production and higher unit costs in the first half, as well as a decline in the thermal coal price. Thermal coal is down about 30% to USD 83 per metric ton from USD 120 in July 2018. New Hope has also not made much progress with the proposed new 1.5 million metric ton a year Burton/Lenton mine and the...New Hope operates four reportable segments: Coal mining in Queensland (including mining related exploration, development, production, processing, transportation, port operations and marketing); Coal mining in New South Wales (including mining production, processing, transportation and marketing); Oil and gas (including oil and gas related exploration, development, production and processing); and Treasury and investments (including cash, held to maturity investments and available for sale financial assets).
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.