Australian (ASX) Stock Market Forum

WHC - Whitehaven Coal

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only a 4 ( and a half ) bagger for me , but before you start feeling sorry for me i extracted the investment out three times over

at least those activists did some good ( for me )

but take care they loaded up on those BHP assets and the Queensland Government is wavering between it's Greens allies and the CFMEU
 
finicky said:
This seems to be breaking above $8, a level where I would have expected more resistance? Not confirmed yet I guess.

In @rcw1's parlance, I'm up two and a half 'gorillas' on my November purchases of 2,000 shrs of this.


Glossary of Au and NZ Punting
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Click to expand...

@finicky please be aware of the paper gorillas ...
Hope you make hundreds of gorilla's ...

Have a very nice night.


Kind regards
rcw1
 
no comment here lately.
Was looking at my long term super shares and noticed my WHC packet has been falling a lot and giving back nearly all the previous profit without any news I am aware of?
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qldfrog said:
no comment here lately.
Was looking at my long term super shares and noticed my WHC packet has been falling a lot and giving back nearly all the previous profit without any news I am aware of?
View attachment 170585
Click to expand...
not that caught my eye , but Asian New Year , the usual activists trying to bash it and short it

would be interested in adding more around $1.35

the only genuine concern i can think of , will be the bedding in of the former BHP assets ( it is a pretty big deal for WHC )


BTW i don't remember any ann. about what BHP will do for shareholders after the sale ( pay down debt perhaps ?)

i hold WHC ( 'free-carried' ) and BHP
 
@qldfrog apart from the brokers that CommSec draws on from Morningstar tipping FY24 eps of 1/3rd that of FY23 and the hypocritical QLD Labor govt grabbing more of bad coal's profit I see nothing to worry about :)
Even at 1/3rd of FY23 earnings, that would still be over 15% ROE and WHC is trading at 1.2 x book value.
I have only casually observed WHC but have assumed that the fall, then the weak uptrend has purely to do with the Australian coal price slump. I suspect the huge addition of BHP's met coal assets will be a boon but just a guess.

The chart strikes me as not a concern yet although it does look finely balanced. Could be just a normal pullback but next few weeks should tell.

It's a hold for me anyway
And a buy under $6, as I love fossil fuels, the energy of the future

WEEKLY
big (27).gif


Screenshot_20240210-235426_Chrome.jpg


Screenshot_20240210-213352_Chrome.jpg
 
finicky said:
@qldfrog apart from the brokers that CommSec draws on from Morningstar tipping FY24 eps of 1/3rd that of FY23 and the hypocritical QLD Labor govt grabbing more of bad coal's profit I see nothing to worry about :)
Even at 1/3rd of FY23 earnings, that would still be over 15% ROE and WHC is trading at 1.2 x book value.
I have only casually observed WHC but have assumed that the fall, then the weak uptrend has purely to do with the Australian coal price slump. I suspect the huge addition of BHP's met coal assets will be a boon but just a guess.

The chart strikes me as not a concern yet although it does look finely balanced. Could be just a normal pullback but next few weeks should tell.

It's a hold for me anyway
And a buy under $6, as I love fossil fuels, the energy of the future

WEEKLY
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i was more worried about the assimilation of the port assets , that can distract a company's focus ( in Queensland )

although they could always do a JV with NHC if running the terminal is a real problem

( i hold NHC 'free-carried' also )
 
maybe @qldfrog should formulate a trading strategy for WHC to 'keep in the back pocket ' ( like i do )

it seems to be a local punching bag ( which sometimes gives accumulation opportunities )
 
divs4ever said:
maybe @qldfrog should formulate a trading strategy for WHC to 'keep in the back pocket ' ( like i do )

it seems to be a local punching bag ( which sometimes gives accumulation opportunities )
Click to expand...
Not planning to sell..might even top up in my second buying phase coming in a month or so..I populate my super shares in 3 steps first was started very end of December and next end of March...
 
qldfrog said:
Not planning to sell..might even top up in my second buying phase coming in a month or so..I populate my super shares in 3 steps first was started very end of December and next end of March...
Click to expand...
you might be lucky ( and get a lower entry point )

i just wait for the next 'ruckus ' to give me a price i like here , i suspect friction at the newly acquired port facilities will be that 'ruckus' ( but i could be wrong )

much like QBE
 
finicky said:
I have only casually observed WHC but have assumed that the fall, then the weak uptrend has purely to do with the Australian coal price slump.
Click to expand...

I think it's also due to execution failure and weather events affecting specific mines?

I don't think they converted as much of the potential high prices into economic profits as participants expected of the ASXs best positioned pure (at the time) thermal play.

A common problem with resource businesses. Just take a look at the delta between global gold miners and the underlying 😬
 
For anyone following:
www.livemint.com

JSW Steel eyes stake worth $1 bn in Australia’s Blackwater coal mine

Japan’s Nippon Steel is also in the race to pick up a stake in Blackwater coal mine from Whitehaven Coal
www.livemint.com www.livemint.com
I have a sentimental affection for Blackwater mine: I know it well. The workers there, and some of my software running there for decades
Best met coal you can find on earth: so bhp sold it😂
I just hope the government will not destroy it fully with their crazy obsessions
 
A spate (3) of on market director buying after the H1 Result (as chased up from @barney's price sensitive announcements thread)
l am looking to add if I can get lower than my average. Also interested by YAL but doubt I'll overcome my sentiment over the Chinese majority ownership there.

Held

This is the best one:

Screenshot_20240220-151450_Drive.jpg
 
barney said:
No better time to buy any stock than at the last low ...... Picking if it's the "last" is the trick of course!

Positions such as this look like low risk accumulation trades (in my opinion) Appropriate position sizing over a few entries should not risk the bank:cautious:
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Mmmm ... I picked this in a Yearly Comp back in 2020 ish .... I made this rather insightful post about accumulating such a Stock as being fairly low risk .... (At the low of that blue line on the left side of the chart)

If only I took my own advice at times, lol ............. :rolleyes:

For what its worth, I would be reducing (if held) on any decent spikes higher at this point ... See how that prediction goes in a year from now, lol.

1708420033735.png
 
Yes, I remembered you saying that. I also failed to buy at that time, then buying at 6X the price later. One of my biggest misses for a value buy and a big fail at trying to be contrarian.
Coincidentally G Canavan has just sent out a note to subscribers upgrading WHC from a hold to a buy.
Thinks ROE will be 15%, 21%, 15% in FY24-FY26. Obviously equity should be growing through that petiod as well, assuming some retained earnings and no exceptional items.

Held
 
finicky said:
The chart strikes me as not a concern yet although it does look finely balanced
Click to expand...
Chart definitely looks a concern now. Will be waiting for substantial positive signs before adding. This might get to really good value. The appearance of a rounding low has gone and some pretty strong negative daily volume to underline the breakdown.

Held and Holding

WEEKLY
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JSW Steel Ltd JSTL.NS is in talks with Australian miner Whitehaven Coal (WHC) for a stake in its Blackwater metallurgical coal mine, a source aware of the discussions said on Tuesday.

JSW Steel, India's largest steel producer by capacity, is conducting due diligence and expects to get a coking coal sample from the mine this month to check specifications, the source said.

Whitehaven in January said it was exploring a potential sell-down of about 20% of Blackwater to global steel producers as strategic joint venture partners.

The miner acquired the Blackwater and Daunia mines from BHP Group (BHP) in a $4.1 billion deal last October, and expects the acquisition to complete in early April.

JSW Steel could consider acquiring more than a 20% stake in Blackwater, the source said.

JSW has held initial talks with Blackwater but has yet to see the specifications of the coking coal from the metallurgical coal mine in Australia, the source said.

A spokeperson for Whitehaven declined to comment on any talks with JSW Steel but referenced mention of the joint venture sell-down in the company's earlier statements.

A JSW Steel spokesperson declined comment. JSW Steel has been scouting for coking coal assets overseas. The company currently imports coking coal from Canada, Australia, the United States, and some grades from Russia.

Last year, JSW Steel was in talks with Canada's Teck Resources TECKb.TO for a stake in its coking coal unit but eventually a Glencore-led GLEN.L consortium agreed to buy it for $9 billion.

Coking coal is emerging as a top option for companies to make a foray into, as it is used to make steel, an important component in large infrastructure and renewable projects.

India was planning to form a consortium of state-owned companies to facilitate coking coal imports to help domestic steel companies tide over shortages, Reuters reported last month.

Indian steel companies consume around 70 million metric tons of coking coal annually, and imports constitute around 85% of the country's total requirement
 
finicky said:
JSW Steel Ltd JSTL.NS is in talks with Australian miner Whitehaven Coal (WHC) for a stake in its Blackwater metallurgical coal mine, a source aware of the discussions said on Tuesday.

JSW Steel, India's largest steel producer by capacity, is conducting due diligence and expects to get a coking coal sample from the mine this month to check specifications, the source said.

Whitehaven in January said it was exploring a potential sell-down of about 20% of Blackwater to global steel producers as strategic joint venture partners.

The miner acquired the Blackwater and Daunia mines from BHP Group (BHP) in a $4.1 billion deal last October, and expects the acquisition to complete in early April.

JSW Steel could consider acquiring more than a 20% stake in Blackwater, the source said.

JSW has held initial talks with Blackwater but has yet to see the specifications of the coking coal from the metallurgical coal mine in Australia, the source said.

A spokeperson for Whitehaven declined to comment on any talks with JSW Steel but referenced mention of the joint venture sell-down in the company's earlier statements.

A JSW Steel spokesperson declined comment. JSW Steel has been scouting for coking coal assets overseas. The company currently imports coking coal from Canada, Australia, the United States, and some grades from Russia.

Last year, JSW Steel was in talks with Canada's Teck Resources TECKb.TO for a stake in its coking coal unit but eventually a Glencore-led GLEN.L consortium agreed to buy it for $9 billion.

Coking coal is emerging as a top option for companies to make a foray into, as it is used to make steel, an important component in large infrastructure and renewable projects.

India was planning to form a consortium of state-owned companies to facilitate coking coal imports to help domestic steel companies tide over shortages, Reuters reported last month.

Indian steel companies consume around 70 million metric tons of coking coal annually, and imports constitute around 85% of the country's total requirement
Click to expand...
As far as I know, BWM coal specs are bloody good on average so that will be hard to be see assays as a negative ..even in negotiation.
I like the idea as a shareholder, on the other end, another gem of Australia shared ownership going OS...
 

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