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Does MM have an opinion on Stanmore Resources (SMR)?

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Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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    Question asked

    Does MM have an opinion on Stanmore Resources (SMR)?

    Good Morning , James and Harry

    Thank you for your interesting review on coal stocks.
    Do you have an opinion on Stanmore Resources (SMR)
    Thank you
    Errol

    Answer

    Hi Errol,

    This $2bn QLD based coal stock has underperformed both Whitehaven (WHC) and New Hope (NHC) which we discussed on Thursday – we didn’t cover SMR at the time simply because wee prefer the other two.

    SMR delivered its half yearly results last month which included a record EBITDA of $726mn. We like the stock around $2.30 do prefer its larger peers into weakness.

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    Stanmore Coal (SMR)
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