Where does MM think we should buy WHC?

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Question asked 23/04/2022

Where does MM think we should buy WHC?

Hi James, With WHC continuing to push towards $5 ,have you changed your view with regard to a pullback buy price? , I think last time you looked at it was around $3.50 but that looks like a long way away as any pullback above $4 seems to be holding. Cheers Craig

Answer

Hi Craig,

WHC has definitely pushed a tad higher than we anticipated but at this stage we are remaining patient especially with the stock closing ~6% below the weeks high on Friday and Peabody (BTU US) being hit hard in the US. The stock can be a volatile beast at times and although it bounced well from $4.52 on Friday we still believe a test of $4 over the coming weeks / months is a strong possibility but alas $3.50 does now feel a bit optimistic.

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Whitehaven Coal (WHC)

LAST UPDATED 22/04/2022 16:06

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