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Bowen Coking Coal Ltd (BCB)

ASX.BCB $0.01

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BCB $0.01

20 MINUTE DELAYED

TODAY

14.29 %

1 YEAR RETURN

0.00%

VOLUME

174,051

DIV YIELD

PE RATIO

0.00

52 WEEK RANGE

0.01

0.11

ANALYSIS
OPINION
ACTION

ANALYSIS

Overview

SHARE PRICE ACTIVITY
Last (Price)	0.01
Change	0.00 (14.29)
Bid / Ask	0.01 - 0.01
Volume	174,051
Turnover	1,318
Open	0.01
Day Range	0.01 - 0.01
VWAP	0.01
Prev Close	0.01
Last Trade	06/12 4:10pm (AEST)

KEY INFORMATION
Sector
Shares Issued
NTA/Share	0.00
Last Dividend	0.00
Dividend Ex Date	0
Dividend Pay Date	0

CURRENT ()
Revenue	204.48
EBITDA	-139.00
Profit	-163.00
Earnings Per Share (EPS)	0
Dividend Per Share (DPS)	0
Yield %	0.00
Market Cap	0
Price to Earnings Ratio (P/E)	0

TARGET PRICE FORECAST

ESTIMATES ()
Revenue	678.00
EBITDA	169.50
Profit	92.50
Earnings Per Share (EPS)	0.04
Dividend Per Share (DPS)	0.00

BROKER CONSENSUS RECOMMENDATION

BUY

SELL

Target Price

0.00

Lt Growth Rate

0.00

Recommendation (BUY)

2.00

OPINION

26/07/2024 10:12

Emerging Companies Portfolio – Amendments

We are making several changes to the Emerging Companies Portfolio today, repositioning towards stocks we believe offer a better mix of quality and leverage to the themes we remain confident in

29/01/2024 16:41

Bowen Coking Coal (BCB) $0.067

BCB -9.46%: the junior coal miner provided a 2Q production update today alongside announcing the current CFO will take over the CEO role following Mark Ruston’s resignation less than 12 months in the role. Production wise Bowen managed a solid quarter despite facing significant rainfall events.

09/08/2023 17:04

Bowen Coking Coal (BCB) 9.3c

BCB +10.71%: the Queensland coal company provided an update on shipping which helped stop the slide in shares today following weakness stemming from board and balance sheet issues.

24/07/2023 16:48

Bowen Coking Coal (BCB) 14.5c

BCB +3.57%: the Queensland coal company rallied today in line with peers, though they also released their June quarter production numbers late in the day. Operationally they’ve shown an improvement with Run-of-mine (ROM) numbers up 27.3% on pcp, though they only managed a 15% increase in coal sales.

20/07/2023 09:27

Bowen Coking Coal (BCB) 15c

BCB has been an underperformer of late due to its capital raise which disappointed MM as owners due to the timing and size i.e. 17c was a 22.7% discount to its previous close. It may take a little time to make a meaningful recovery but the risk/reward looks attractive on any dips under 15c.

07/06/2023 09:18

Bowen Coking Coal (BCB) 17c

The Queensland-based met coal miner raised $40m during the week at 17c a share in a deal that was priced at a 22.7% discount to Thursday’s close before shares went into a trading halt. The deal includes a fully underwritten $10m Share Purchase Plan (SPP) which will open to retail shareholders shortly. As holders, the cap raise is frustrating, given it was done at a deep discount and is highly dilutive as a result, adding around 12.7% to shares on issue.

24/03/2023 09:05

Coal Exposure

Flagship Growth Portfolio: Whitehaven Coal (WHC) ~ 4% portfolio weighting. Emerging Companies Portfolio: Bowen Coal (BCB) ~ 4% portfolio weighting. International Portfolio: Glencore (GLEN US) ~6% portfolio weighting, although not purely coal.

10/02/2023 09:20

The Bottom Line

MM remains bullish on the coal sector into weakness believing the coal price is due to consolidate in the $US200-250/MT region. With WHC and NHC trading valuations of 2.04x and 2.63x respectively we believe the sector is too pessimistic, pricing stocks for far cheaper coal prices. • We are still looking to add to our WHC exposure into weakness under $8.

10/02/2023 09:19

Bowen Coking Coal (BCB) 29.5c

QLD based $541mn BCB is the junior player in the room, it doesn’t yet deliver bumper dividends/buybacks such as WHC & NHC. They have only recently announced their second shipment of ~40kt of metallurgical coal from its Bluff Coal mine and initial processing at Broadmeadow East, basically, this is a more aggressive/leveraged play than WHC/NHC towards higher coal prices for longer. • We hold BCB in our Emerging Companies Portfolio, at this stage we are comfortable with our 4% exposure.

18/01/2023 09:36

Bowen Coking Coal (BCB) 27.5c

We bought BCB in the Emerging Companies Portfolio late last year, with the stock down ~5% since, and down around 20% from recent highs set last week. Coal has been under pressure recently and we are largely neutral on the commodity, however, we see upside in the met coal name as they start to ramp up production across their assets. Wet weather...

ACTION

BCB

UPDATED 26/07/2024 15:23

MM are selling BCB in the Emerging Companies Portfolio, taking a loss around 4.4c

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BCB

UPDATED 30/01/2024 09:03

MM remains patiently long BCB in the Emerging Companies Portfolio

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BCB

UPDATED 09/08/2023 17:01

MM is cautiously bullish BCB

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BCB

UPDATED 25/07/2023 08:48

MM is currently long & bullish BCB

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BCB

UPDATED 20/07/2023 12:43

MM is long and bullish toward BCB

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BCB

UPDATED 07/06/2023 08:46

MM is bullish BCB

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BCB

UPDATED 10/02/2023 09:07

MM is bullish on BCB as a speculative play

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BCB

UPDATED 18/01/2023 19:08

MM is bullish and long BCB in the Emerging Companies Portfolio

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BCB

UPDATED 10/11/2022 11:50

MM are buying BCB in the Emerging Companies Portfolio, allocating 4% around 29c

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BCB

UPDATED 08/09/2022 09:43

MM likes around 40c

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Business Summary

Bowen Coking Coal Limited is an exploration and development company with a focus on metallurgical coal. Its projects include Broadmeadow East Coking Coal Project, Isaac River Coking Coal Project, Cooroorah Coking Coal Project, Comet Ridge Coking Coal Project, and Hillalong Coking Coal Project. The Broadmeadow East Coking Coal Project is covered by ML 70257 and is located approximately 25 kilometers (km) northeast of the township of Moranbah, within the Central Bowen Basin in Queensland. The Isaac River Coking Coal Project covers an area of approximately 14 square km and is located in the Bowen Basin in Central Queensland, approximately 30 km west of Moranbah and 130 kilometers southwest of Mackay. The Cooroorah Coking Coal Project is located approximately 17 km north of Blackwater, between Westfarmers Curragh mine in the West and the Jellinbah Mine in the East. The Comet Ridge Coking Coal Project is located approximately 60km East of Emerald and 25 km South of the township of Comet.

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Bowen Coking Coal Ltd (BCB)

ASX.BCB $0.01

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BCB $0.01

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Really bullish, there's more to go in the reflation rally

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