Thoughts on Whitehaven Coal (WHC) versus Bowen Coal (BCB)
Hi Guys, I would love to hear your thoughts on the upside differential between these two stocks over the next 6 to 12 months. I see that you currently hold both. Thanks, Phillip
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Answer
Hi Phillip,
We are currently holding Whitehaven Coal (WHC) in our Flagship Growth Portfolio and Bowen Coking Coal (BCB) in our Emerging Companies Portfolio, this is a tough question to answer as the 2 companies are at very different stages of their life:
- Whitehaven Coal (WHC) $9.57 – This is a $8.6bn mature company which is churning out profits, the longer the coal price can stay high the higher WHC can push.
- Bowen Coking Coal (BCB) 27c – This $495mn QLD business has fairly recently announced their second shipment of ~40kt of metallurgical coal from its Bluff Coal mine and initial processing at Broadmeadow East, basically this is a more aggressive / leveraged play than WHC towards higher coal prices for longer.
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Whitehaven Coal (WHC) v Bowen Coking Coal (BCB)
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Whitehaven Coal (WHC) v Bowen Coking Coal (BCB)
