WHC - Whitehaven Coal

[finicky]

WHC down around 2% roughly today, presumably following the coal price. Until corrected otherwise I'm going to take the Newcastle near month future as a rough proxy idea for what WHC can pull for it's coal - in the sense of going up or down anyway. Complicated by WHC now producing more met than thermal coal I guess.

Held
Very tempted - buy straw hats in winter type concept

 

[finicky]

Put a ruler across the peaks of price over the last 4 months and contrast that line with today's action. I rest my case.

Jumped the gun, it's back in the channel. I plead that I would have needed a confirmatory candle if buying on the chart alone. What keeps me coming back to WHC is the apparent value on offer.

Held

DAILY

 

[houtman]

Sold these and bought YAL today.

Had been holding WHC as a proxy for India, but the promised uptick in coking coal prices from increasing India steel production hasn't eventuated.

China's increased exports of steel may be keeping a lid on prices, who knows.

I'll have another look once they recommence dividends.

 

[finicky]

Breaking News
Intraday and unconfirmed, but WHC is breaking the previous significant low and hasn't been at this price for two and a half years.

Held
Still thinking of an add

DAILY

 

[finicky]

H1 Report
Well they're still making money. Even if it's a lot less during this transitional time and at much lower coal prices. Wouldn't be the first time WHC has had a V shaped rally either, if this is indeed the start of that: up 8% intraday.

Held
Still dithering about an add

DAILY

 

[divs4ever]

H1 Report
Well they're still making money. Even if it's a lot less during this transitional time and at much lower coal prices. Wouldn't be the first time WHC has had a V shaped rally either, if this is indeed the start of that: up 8% intraday.

Held
Still dithering about an add

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DAILY
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given the size of acquisitions last year , such costs/impacts should have been expected

i would expect another nervous half to come before we see what the bigger WHC looks like

( currently it is nowhere near my top up price )

 

[finicky]

Market Matters afternoon report:
Whitehaven (WHC) +8.86% rallied on a strong 1H result driven by good cost control, while production and sales are poised to land in the upper half of its FY25 guidance ranges.

Held

 

[finicky]

More on WHC from Market Matters afternoon report:

Whitehaven Coal (WHC) $5.65
WHC +8.86%: Rallied on the back of a solid 1H25 result this morning with earnings ahead of expectations on strong cost discipline, guidance was good and they’re reviewing their capital allocation framework at the FY in August.

Revenue $3.43 billion vs. $1.59 billion y/y, estimate $3.39 billion
Underlying profit $328 million, -13% y/y, ahead of $278.5m expected
Underlying Ebitda $960 million, +52% y/y ahead of $870m expected
Interim dividend per share $0.09 vs. $0.07 y/y
The talked to a cost out program which should deliver a run rate of $100m p.a. of savings in Queensland by the end of FY25 and said they’ll undertake a review of their capital allocation framework, including current dividend payout ratio and share buy-back status, post Blackwater sale proceeds and with a full year of FY25 operating cash flows. All being equal,we would expect the resumption of higher dividends.

Guidance for unit cost and capex remained unchanged but unit costs in 1H FY25 of $137/t are tracking at lower end of cost guidance range of $140-$155/t. Capex guidance also tracking at lower end of guidance range.

Further, WHC will resume its share buyback allocating up to $72 million of capital to buy back shares over the next six.

A good result with WHC managing what they can very well, just weakness in coal prices are weighing.
MM remains long & bullish WHC

 

[finicky]

'Snapped up' 1,000 @ 5.51

Held
Holding

DAILY