Summary Whitehaven Coal Ltd - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Whitehaven Coal Ltd (Whitehaven) is a coal mining company. It carries out its mining activities in Northwest of New South Wales and Queensland, Australia. The company produces metallurgical and ther...
A director at New Hope Corporation Limited bought 10,500 shares at 4.599AUD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two...
NEW HOPE CORPORATION (AU), a company active in the Coal industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 3 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date March 1, 2022, the closing price was AUD 2.67 and its expected value was estimated at AUD 2.40.
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Iron ore and gold prices are flying but we don’t think either will last. Iron ore is benefiting from unusually strong demand and supply disruptions while gold is rising with negative interest rates. The global miners remain overvalued. The sector trades at an average 10% premium to our fair value estimates, versus a 20% premium three months ago. The iron ore miners--BHP, Rio Tinto, Fortescue and Vale, on average are at a 30% premium, while the rest of our coverage is only at a 4% premium. The ...
Iron ore and gold prices are flying but we don’t think either will last. Iron ore is benefiting from unusually strong demand and supply disruptions while gold is rising with negative interest rates. The global miners remain overvalued. The sector trades at an average 10% premium to our fair value estimates, versus a 20% premium three months ago. The iron ore miners--BHP, Rio Tinto, Fortescue and Vale, on average are at a 30% premium, while the rest of our coverage is only at a 4% premium. The ...
Iron ore and gold prices are flying but we don’t think either will last. Iron ore is benefiting from unusually strong demand and supply disruptions while gold is rising with negative interest rates. The global miners remain overvalued. The sector trades at an average 10% premium to our fair value estimates, versus a 20% premium three months ago. The iron ore miners--BHP, Rio Tinto, Fortescue and Vale, on average are at a 30% premium, while the rest of our coverage is only at a 4% premium. The ...
No-moat 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 tonne from USD 120 in July 2018. New Hope has also not made much progress with the proposed new 1.5 million tonne a year Burton/Lenton mine and the long-awaited ...
No-moat 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 lon...
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 t...
Steel-making materials stocks, those exposed to iron ore and coking coal, have markedly outperformed our near-term expectations. The key reasons have been continued strong steel demand growth, particularly in China, and more recently, Vale’s tragic tailings dam failure and Cyclone Veronica. Iron ore supply losses this year are material, about 6% of global iron ore supply and some of that will bleed into 2020. Coking coal supply has also been impacted in the near-term through increased safety i...
Steel-making materials stocks, those exposed to iron ore and coking coal, have markedly outperformed our near-term expectations. The key reasons have been continued strong steel demand growth, particularly in China, and more recently, Vale’s tragic tailings dam failure and Cyclone Veronica. Iron ore supply losses this year are material, about 6% of global iron ore supply and some of that will bleed into 2020. Coking coal supply has also been impacted in the near-term through increased safety i...
New Hope benefited from a 22% jump in the realised coal price of AUD 140 per tonne. The realised coal price eclipsed the highs of the 2011 China boom, with the weaker AUD/USD exchange rate also providing a boost. Adjusted first-half fiscal 2019 net profit after tax increased 38% to AUD 160 million versus the same period a year ago. Coal sales of 4.4 million tonnes were soft however, and 12% below our forecast. The weaker volumes were primarily because of the higher unit costs at the Acland mine,...
New Hope benefited from a 22% jump in the realised coal price of AUD 140 per tonne. The realised coal price eclipsed the highs of the 2011 China boom, with the weaker AUD/USD exchange rate also providing a boost. Adjusted first-half fiscal 2019 net profit after tax increased 38% to AUD 160 million versus the same period a year ago. Coal sales of 4.4 million tonnes were soft however, and 12% below our forecast. The weaker volumes were primarily because of the higher unit costs at the Acland mine,...
The meaningful fall in resources stocks saw pockets of value emerging among the Australian miners in November. The S&P/ASX 200 Resources index fell 15% in less than two months. But since the end of November, shares have rallied on iron ore supply concerns and the apparent easing in the U.S. Federal Reserve’s tightening bias. The resources index is back at five-year highs. We see the greatest overvaluation among the bulk producers, particularly iron ore, which is benefiting from Vale’s disru...
The meaningful fall in resources stocks saw pockets of value emerging among the Australian miners in November. The S&P/ASX 200 Resources index fell 15% in less than two months. But since the end of November, shares have rallied on iron ore supply concerns and the apparent easing in the U.S. Federal Reserve’s tightening bias. The resources index is back at five-year highs. We see the greatest overvaluation among the bulk producers, particularly iron ore, which is benefiting from Vale’s disrup...
The Queensland Land Court has conditionally recommended approval of the mining lease and environmental authority for New Acland Stage 3. It is a positive step for the mine and no-moat-rated New Hope. The decision validates our recent increase in the expected chance of approval for Stage 3 to 75% from 50%. There are still a few hurdles to clear before Stage 3 proceeds. However, given the positive Land Court decision, we raise the odds of Stage 3 approval to 100%. This boosts our fair value estim...
The Queensland Land Court has conditionally recommended approval of the mining lease and environmental authority for New Acland Stage 3. It is a positive step for the mine and no-moat-rated New Hope. The decision validates our recent increase in the expected chance of approval for Stage 3 to 75% from 50%. There are still a few hurdles to clear before Stage 3 proceeds. However, given the positive Land Court decision, we raise the odds of Stage 3 approval to 100%. This boosts our fair value estim...
The Queensland Land Court has conditionally recommended approval of the mining lease and environmental authority for New Acland Stage 3. It is a positive step for the mine and no-moat-rated New Hope. The decision validates our recent increase in the expected chance of approval for Stage 3 to 75% from 50%. There are still a few hurdles to clear before Stage 3 proceeds. However, given the positive Land Court decision, we raise the odds of Stage 3 approval to 100%. This boosts our fair value estima...
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