Australian (ASX) Stock Market Forum

YAL - Yancoal Australia

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Including YAL in my 2023 tipping.
Runs multiple Australian mines, earns money and is now paying a dividend.
Solid financials, and well poised to participate in the coal story, which has further to run.
 
Good evening
PoC not real flash at the moment, but YAL SP not too bad at the end of the day, reckon.
31 December 2023 cash balance of $1.40 billion with $477 million added to the cash balance during the quarter after all operating costs, as well as capital expenditure and monthly tax payments.

Average realised coal price was A$196/tonne for the quarter and A$232/tonne for the year;
18.1Mt ROM coal production (100% basis);
12.9Mt Saleable coal production (100% basis);
9.7Mt Attributable saleable coal production;
10.1Mt Attributable coal sales.

Yancoal paid a final dividend of 70 cents per share on 28 April 2023 and interim dividend of 37 cents per share hit their bank account on 20 September 2023. $1.07 fully franked.

5 minute chart
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Not holding.
Have a very nice week.

Kind regards
rcw1
 
Yeah, avoid CCP influenced, let alone controlled, companies. They'll screw the domestic shareholders one way or another as they are impolite and have a poor grasp of ethics. They're just not nice.

Not Held!

Market Matters answering a W/E question from a subscriber:
"Yancoal (YAL) demonstrated in no uncertain fashion last year that it’s a Chinese coal company listed on the ASX in August when it overrode the company’s constitution to withhold its dividend, blindsiding plenty of local shareholders in the process. We believe YAL could pull this stunt again and as such will not be re-rated value wise as the reliable strong yielding stock of the past, hence it’s not for us."
 
finicky said:
Yeah, avoid CCP influenced, let alone controlled, companies. They'll screw the domestic shareholders one way or another as they are impolite and have a poor grasp of ethics. They're just not nice.

Not Held!

Market Matters answering a W/E question from a subscriber:
"Yancoal (YAL) demonstrated in no uncertain fashion last year that it’s a Chinese coal company listed on the ASX in August when it overrode the company’s constitution to withhold its dividend, blindsiding plenty of local shareholders in the process. We believe YAL could pull this stunt again and as such will not be re-rated value wise as the reliable strong yielding stock of the past, hence it’s not for us."
Click to expand...
@finicky but would the "directors" of YAL really care what the pundits say or voice their disapproval.
 
farmerge said:
... but would the "directors" of YAL really care what the pundits say?
Click to expand...
They might care about the share price and to that extent care about negative publicity? I feel sure they will not care about the interests of the minority shareholders. This has apparently already been demonstrated by the improper cancellation of the interim dividend in 2024? (see above MM quote)
SIx of the nine directors have Chinese national backgrounds. Pounds to peanuts they also hold the most powerful roles. They will be controlled by the CCP. The CCP only cares about the CCP.

Board – Yancoal

www.yancoal.com.au www.yancoal.com.au
 
Better than other coal stocks today when this is taken into account:
Yancoal (YAL) -12.56% traded ex-dividend for 53cps fully franked, equivalent to 75c (stock fell 76c)

Not Held
Not Buying
 
Greg Canavan communique today.
Fat Tail Investment Advisory

"Yancoal still generating cash at the bottom of the cycle
Yancoal [ASX:YAL] released its quarterly report last Thursday. Despite weak coal prices (the lowest since 2021) YAL still increased its cash balance by $136 million.

Following the payment of the recently declared dividend (which will hit your account on 30 April) YAL will have a cash balance of $1.9 billion. That’s 30% of its current market capitalisation.

Here’s what the company had to say about the current environment:

‘To date, we have seen limited supply-side response to the lower coal prices, but we believe coal indices are now below the marginal cost on the global cost curve.

‘Therefore, we anticipate supply-side reductions from higher-cost producers in response to these circumstances, leading to a subsequent price recovery, as was the case with past coal price cycles.

‘Yancoal’s large-scale, low-cost coal production profile is well suited to all coal market conditions. We have a large cash position and no loans.

‘Through recent cycles our margins have naturally fluctuated, but we were able to generate positive cash flows through those cycles.’

YAL remains in a strong position to ride out this downward price cycle. Its cash costs (not including royalties) are expected to come in around $89-97/tonne this year. That compares to the $157/tonne average price it sold its coal for this quarter.

The longer coal prices stay this low, the more coal companies will go to the wall. YAL will be one of the last left standing.

YAL (as well as NHC and WHC) remain buys."

YAL Not Held
 
the annual report is out

the share price continues to slide , but just missed my buy target today

so have lowered the price a few cents for Monday

i do not hold this share currently but have a buy order in the market

one branch of my family were mining coal back in the 1840s

( hopefully ) another coal miner to portfolio , i hold BHP ( so-so ) S32 ( blah ) WHC ( 'free-carried ' ) NHC ( 'free-carried ' ) TER ( starting to look like a woofer ) , ATM , WEC ( absolute flea-bag , i think it is trying to find some gold instead )

this might be a patience tester in 2025

but is my MAY competition tip ( in case it helps the price slide )
 
divs4ever said:
the annual report is out

the share price continues to slide , but just missed my buy target today

so have lowered the price a few cents for Monday

i do not hold this share currently but have a buy order in the market

one branch of my family were mining coal back in the 1840s

( hopefully ) another coal miner to portfolio , i hold BHP ( so-so ) S32 ( blah ) WHC ( 'free-carried ' ) NHC ( 'free-carried ' ) TER ( starting to look like a woofer ) , ATM , WEC ( absolute flea-bag , i think it is trying to find some gold instead )

this might be a patience tester in 2025

but is my MAY competition tip ( in case it helps the price slide )
Click to expand...
Hmm @divs4ever
Looks like Greens will love your passion for coal 😀
Call Adani the Indian billionare of Carmichael coal ( Qld) to buy his coal shares. 😀😃🙂 Queensland
 
divs4ever said:
more like the reverse , i was buying WHC and NHC at the peak of 'activist campaigns '

i love the Green passion for coal ( better known as hatred )
Click to expand...
now the Queensland Government are trapped in a delicious situation , they NEED the coal royalties ( and taxes ) need the coal companies to develop infrastructure and the local ALP are an appendage of the CFMEU .. BUT need the Greens to maintain power
 

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