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.
- We like this approach by CRN, after a challenging period.
MM is long & bullish CRN
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