23/08/2024 09:10

Coronado Global Resources Inc (CRN) $1.29

Coal producer CRN reported earlier this month, although it was largely pre-released, with a couple of takeouts: Earnings before interest tax depreciation and amortisation (EBITDA) of US$135m with a US0.5c dividend. They removed “inorganic growth as part of their capital management plans”, i.e. they’re not planning on making acquisitions.

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06/08/2024 16:44

Coronado Global Resources (CRN) $1.27

CRN -0.78%: The Coal producer had pre-released a lot of today’s 1H24 , so not a lot of new news, with earnings before interest tax depreciation and amortisation (EBITDA) of US$135m with a US 0.5/sh dividend – both inline with expectations. Interestingly, they removed what they term inorganic growth as part of their capital management plans, i.e. they’re not planning on making acquisitions, with the focus on balance sheet and delivery of its current growth pipeline.

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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

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02/07/2024 09:36

Coronado Global Resources Inc (CRN) $1.29

CRN disappointed the market in late April primarily due to a lower-than-expected average realised price for its coal. However, CRN is positioned for a better CY24 driven by higher volumes and lower costs at Curragh. Cash is key for CRN, and free cash flow yield is set to lift significantly in CY25.

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13/06/2024 08:50

Coronado Global Resources Inc (CRN) $1.195

Coal miner CRN has fallen 32% so far this year as the stock underperforms in a relatively tough space year-to-date. In late April, CRN reported March Quarter production that was broadly in line with expectations but realised prices were weaker

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28/09/2023 09:15

Coronado Global Resources (CRN) $1.92

Coal miner CRN tested 7-month highs yesterday following the news on Tuesday that private equity firm Energy and Minerals Group (EMG) sold its 51% stake to Czech-based Sev.en Global Investments, which is looking to expand its Australian footprint towards our “unloved assets”.

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08/08/2023 16:48

Coronado Global Resources (CRN) $1.455

CRN -11.55%: the US & Australian coal miner was out with first-half numbers today with a low-quality beat treated harshly by investors. They missed on Revenue ($US1.49b vs $US1.54b expected) and EBITDA ($US352m vs $US372m expected) though NPAT of $US199m was in line with expectations with the uplift coming from a lower tax rate.

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11/07/2023 09:15

Coronado Global Resources (CRN) $1.50

We’ve had questions on CRN over recent months but for subscribers that missed our thoughts, we see excellent medium-term value with $2.5bn CRN which is trading on an Est. 4.4x earnings for FY23. Following comments in Q2 MM believes the miner is looking for acquisitions with some of BHP’s coal assets likely to be under consideration.

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07/11/2022 16:43

Coronado Global Resources (CRN) $2.11

CRN -7.05%: shares in the coal miner were on the back foot today after announcing potential takeover talks with US giant Peabody had ended without a proposal. While there was no reason provided, Peabody has recently taken issue with Queensland’s royalty tax changes, while Coronado’s lack of thermal coal was also thought to be a sticking point. Coronado...

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13/10/2022 09:11

Coronado Global Resources (CRN) $2.09

CRN soared over +8% yesterday after confirming they were in talks with rival Peabody Energy around a potential merger of the 2 coal producers. These two companies have a combined market cap of around $10bn with CRN contributing ~$3.5bn, or 35% of the combined entity. The invasion of Ukraine by Russia has dramatically transformed the coal space, only 2-years ago...

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