WHC - Whitehaven Coal

[michael_selway]

Hm does anyone still own this one?

thx

MS

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 8.0 31.3 22.4 40.6
DPS 0.0 6.5 8.8 17.9

 

[gdzack]

Hi, folks this stock is flying incredibly, still very few sellers. Is it suitable to buy some now?

 

[michael_selway]

Hi, folks this stock is flying incredibly, still very few sellers. Is it suitable to buy some now?

I have mentioned this stock so many times, you didnt take any notice?

thx

MS

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 8.0 31.3 22.4 40.6
DPS 0.0 6.5 8.8 17.9

 

[gdzack]

Now I can finally wait and see when will this stock reach the price that I can afford to buy

 

[michael_selway]

Now I can finally wait and see when will this stock reach the price that I can afford to buy

Yep, this one may bounce up big soon because it has fallen alot last week etc

thx

MS

Forecast (cents per share)
2007 2008 2009 2010
EPS 8.0 32.1 23.8 40.2
DPS 0.0 7.0 9.8 17.9

 

[Scallop]

Does WHC produce any coking coal? Can only find reference to thermal coal on their website.

Regards

 

[TheAbyss]

FIRB Approval received for the takeover by GCL.

Offer is 1 GCL share for every 2.45 WHC shares.

GCL are $4.80 and WHC are $1.55 so a premium to be earned.

GCL - $4.800 / 2.45 = $1.959 price per WHC share break even.

Leaves a premium of $1.003 or 64.68% profit at current prices.

Looks good to me.

 

[noirua]

After Gloucester Coal were forced to jump out of the bid equation the true value of WHC may turn out to be much higher, provided a new bidder becomes interested.
MCC and FLX have started on a recovery track and WHC looks likely to follow on even if more slowly at first.

 

[michael_selway]

After Gloucester Coal were forced to jump out of the bid equation the true value of WHC may turn out to be much higher, provided a new bidder becomes interested.
MCC and FLX have started on a recovery track and WHC looks likely to follow on even if more slowly at first.

Yeah not bad!

Earnings and Dividends Forecast (cents per share)
2008 2009 2010 2011
EPS 3.6 15.8 13.8 21.4
DPS 1.7 6.3 7.0 10.0

thx

MS

 

[noirua]

Whitehaven Coal (WHC) are fairly bounding along on the Gloucester Coal (GLC) bid, which has continued after they dropped the bid for WHC on the Noble Group bid for GLC. They have come up a long way since their low point and should be watched carefully from here.

 

[noirua]

Whitehaven Coal (WHC) are fairly bounding along on the Gloucester Coal (GLC) bid, which has continued after they dropped the bid for WHC on the Noble Group bid for GLC. They have come up a long way since their low point and should be watched carefully from here.

Remaining very confident about the recovery for Whitehaven Coal (WHC) despite some cutbacks at the Newcastle port during June and July, by the Port Authorities. Renewed confidence as coal prices recover from low prices, and should be pulled up further on the bullish oil price factor.

 

[moses]

At what level has the Narrabri North development been factored into the WHC equation, aka, what impact will the new mine coming on line have on the SP? I was looking around the mine last week, its one great big construction site, here is a view of the box cut showing the drift belt under construction and I was told coal will be coming out by the end of the year. Holding WHC as a local believer.

 

[noirua]

Double my purchase price in April last are Whitehaven at $3.20, imho are looking a bit toppy, and I've decided to rush for the exit.
With dark thoughts on the oil price going the rounds, I can't see a reason for much to go for from here.
For those who remain, I hope its all a mistake and WHC continue on up - good luck.

 

[noirua]

2009 - 4th Quarter Report for the year ending 30th June 2009: http://www.asx.com.au/asxpdf/20090724/pdf/31jpzm81b591n4.pdf

 

[moses]

In a trading halt to raise cash and a cracking report.

http://www.whitehaven.net.au/pages/index.php but Aussies only.

Institutional placement to raise approximately $176 million

Eligible hareholders in Australia and New Zealand have an opportunity to subscribe for up to $15,000 worth of Whitehaven shares per shareholder

 

[jayinoz]

I cannot find any broker recommendations on the recent offerring to existing stock holders of up to $15000 @ 3.05 per share.

It has really run up exceptionally well in recent months, more so than most of the other coal companies.

Why is this? Does anyone have some broker recommendations on whether to take out there offer.

As WHC offerred the $15000 worth of stock to any stockholder, no matter how much you hold. As I held 22K worth I presumed the $3.55 current price was too high technically. So I sold off 90% and now will review whether to take out the $3.05 offering before end of the month.

Fundamentally I am unsure whether I wish to keep them for the long term. With a PE now approx 22 and yield only 1% I think their are other better coal companies out there.

GCL- 4.5% yield + 5.5 PE
Centennial coal also far more attractive in my eyes.
Even MCC looks like a better and bigger play.

Yet their has been talk of a WHC takeover or purchase in the recent past. Thus the fast run up. Yet I price the stock at $2.40, since its run up from 84c in Jan.

I purchased the stock (Unfortunately) last year at $4.20. I feel my best strategy maybe to take up the offer then sell. Unless I find other info to understand why I should keep this stock over other coal shares for the long term.
Any other thoughts???

 

[jayinoz]

In a trading halt to raise cash and a cracking report.

http://www.whitehaven.net.au/pages/index.php but Aussies only.

Institutional placement to raise approximately $176 million

Eligible hareholders in Australia and New Zealand have an opportunity to subscribe for up to $15,000 worth of Whitehaven shares per shareholder

Darn it I found out I just missed out on being eligible for their SPP. Just as I see Daewoo International are wishing to purchase a large chuck of the company to secure coal... report out last night on NZ financial site. Maybe finally a move back towards $4 in short term?

Daewoo to invest in Whitehaven Coal
27 August 2009 .DAEWOO International will set up an affiliate in Australia this year to buy a 5% stake in a bituminous coal mine.

The company says the new entity, named Daewoo International Australia Holdings, will invest in the Narrabri coal mine owned by Australian mining company Whitehaven Coal.
The new entity will be wholly owned by Daewoo International with A$111.4 million in capital.

The two Korean companies will be supplied with 1.5 million tons of bituminous coal a year, or 25% of the mine's production.

 

[moses]

In a trading halt to raise cash and a cracking report.

http://www.whitehaven.net.au/pages/index.php but Aussies only.

Institutional placement to raise approximately $176 million

Eligible hareholders in Australia and New Zealand have an opportunity to subscribe for up to $15,000 worth of Whitehaven shares per shareholder

Well I subscribed and bought the full allotment, made a nice profit selling most out just shy of $4:40. Where is the price going now? Nick Radge reckons a deep retracement is due back down close to $3, which would be great as I'd like to see a dip to buy back in, but on the ground I don't see why I should expect one. Narrabri North is getting close to production and we've had another inspiring report recently, flagging the likelihood of increasing production from 6MT/a to up to 9MT/a.

 

[moses]

The rise and rise of WHC is getting boring. Does anyone have an estimation of where we might reasonably expect this to go over the next 12 months? Narrabri North expects to be producing coal early in 2010, and expects to be in longwall production in 2011. If that is where Whitehaven stops development, delivering iirc something like 15m tons of coal pa across all of its mines, where do the maths take us for its SP? I guess my question is about whether I should get in deeper and at what point I should jump out.

 

[noirua]

Double my purchase price in April last are Whitehaven at $3.20, imho are looking a bit toppy, and I've decided to rush for the exit.
With dark thoughts on the oil price going the rounds, I can't see a reason for much to go for from here.
For those who remain, I hope its all a mistake and WHC continue on up - good luck.

Five months ago I posted this and now feel a bit peeved. The price continues on upward with stocks like MCC. The Aussie$ price for thermal coal out of newcastle is now around AU$95 a tonne. May well be something in the price for a takeover bid and increases the speculative nature of this sector. A lot to go for I suppose, but don't forget its just a dig the coal out and sell it company, little else.