Thoughts on Aurizon & Coronado Coal (CRN)

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Question asked 12/03/2021

Thoughts on Aurizon & Coronado Coal (CRN)

Hi James, Your new Webisite Hits the mark. Well done. I would appreciate your thoughts on (AXL) Atlas Aurizon, (AZJ) Aurizon as Defensive plays with sound Fundamentals but currently out of favour and (CRN) Coronado Coal as a recovery of for the Coal sector. Thank You Richard Orr

Answer

Hi Ricard,

I like your thought process at scanning the defensives when most are ignoring them, Hamish Douglass already has ~50% weighting, a play we like but think he may have migrated a touch early. Our preference of the 2 you’ve mentioned is infrastructure developer and contractor ALX, its 3.65% projected unfranked dividend looks both sustainable and attractive when term deposits are yielding sub 0.5%.

At MM we are fairly keen on coal stocks believing they are undervalued at current levels and we are bullish both Coronado (CRN) which resides in our Emerging Companies Portfolio and Whitehaven Coal (WHC).

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Atlas Arteria (ALX)

LAST UPDATED 12/03/2021 11:56

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Western Areas (WSA)

LAST UPDATED 12/03/2021 11:55

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