05/12/2024 15:33

Trading Idea – WHC – Position Closed

WHC traded through the stop @ $6.40 this morning - position closed

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26/11/2024 09:42

Whitehaven Coal Ltd (WHC) $6.74

WHC transformed itself last year to primarily a coking coal miner when it acquired Daunia and Blackwater, although the purchase curtailed WHC’s tremendous dividend stream from previous years.

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21/11/2024 11:18

Shawn’s Trade Ideas – Updates

This morning,  we quickly updated our stance/position on some of Shawn’s Trading Ideas. We now have four open positions, more than we envisaged when we started the new addition to the MM service following demand in our most recent subscriber survey.

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21/11/2024 09:48

Whitehaven Coal Ltd (WHC) $6.73

We added WHC in late October to the trading ideas section, and the position has only put us to sleep so far! If we had no position today, we’d be inclined to wait and see; hence, we’re tightening our stop as a compromise.

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28/10/2024 09:19

Shawn’s Trading Ideas

Trade ideas are provided as a guide only. Market Matters is not investing in these ideas as we do our other suite of portfolios available here. If trades are updated through the week, these updates will be advised in the morning note and will be flagged as an alert on the home page of the website. Separate emails or SMS messages will not be sent for Shawns Trade Ideas. The ideas are General in nature only.

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23/08/2024 09:14

Whitehaven Coal (WHC) $7.65

Whitehaven’s result (covered yesterday here), accompanied by the announcement of Nippon Steel's purchase, was well received by the market, with the stock closing up +6.25% on Thursday. Whitehaven agreed to pay up to $US4.1 billion last year to acquire Blackwater and a second BHP mine called Daunia. Thursday’s sale of a stake in Blackwater resolves the question of how Whitehaven will fund next April’s $US500mn instalment, with a capital raise now unlikely. Whitehaven had $1.3 billion of net debt on June 30 before announcing Thursday’s $1.6 billion deal.

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22/08/2024 16:45

Whitehaven Coal (WHC) $7.68

WHC +6.25% reported a mixed FY24 result, with a NPAT miss (-4%) but a DPS 30% beat. However, Blackwater's 30% divestment was the standout, the $1.bn will help to shore up WHC’s balance sheet.

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23/07/2024 09:34

Whitehaven Coal Ltd (WHC) $7.99

WHC slipped 4% on Monday, retracing all of the gains enjoyed after  Anglo-American suspended operations at its Grosvenor plant in Queensland due to a fire – in hindsight, we may have been too greedy in the short-term. Their quarterly report on Friday attracted some selling, which accelerated on Monday as analysts tweaked their forecasts lower

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04/07/2024 09:26

Whitehaven Coal Ltd (WHC) $8.92

Coal stocks have exploded higher this week, with WHC already up over 16% after Anglo-American suspended operations at its Grosvenor plant in Queensland due to a fire. The company said it would take several months to return online, but many pundits think it will take longer if it ever does return to operation.

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02/07/2024 09:38

Whitehaven Coal (WHC) $8.13

Following the $US3.2bn purchase of BHP’s Blackwater and Daunia coal mines, WHC has strategically pivoted primarily to a coking/met coal producer, which will account for ~70% of its revenue, spread across NSW and QLD. Given supply constraints and a strong demand outlook driven by India, we are increasingly bullish on the met coal outlook.

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