Whitehaven Coal Limited Posted December 2018 Quarterly Report: What Market Players Need to Know

  • Jan 17, 2019 AEDT
  • Team Kalkine
Whitehaven Coal Limited Posted December 2018 Quarterly Report: What Market Players Need to Know

Whitehaven Coal Limited (ASX: WHC) had come forward and made an announcement about the report covering the December 2018 quarter. As per the release dated January 17, 2019, the company’s ROM coal production stood at 7.4Mt in the quarter while in the 1H, the production stood at 11.0Mt. The release also stated that Whitehaven Coal Limited happens to be on track when it comes to meeting the production guidance for the full year which is 22.0Mt-23Mt saleable coal. Whitehaven Coal Limited had stated that, in the December 2018 quarter, saleable coal production stood at 5.6Mt while for the H1, it stood at 9.6Mt.  

The release issued on January 17, 2019 also stated that the equity coal sales (including the purchased coal) stood at 4.319Mt in the December 2018 quarter which implies the decline of 5% on the YoY basis. However, for the first half, the equity coal sales (including the purchased coal) stood at 8.374Mt which implies the decline of 9% on the YoY basis. Moreover, the managed coal sales (including the sales of purchased coal) stood at 5.405Mt in the December 2018 quarter implying the fall of 7% on the YoY basis. The managed coal sales (including the purchased coal) stood at 10.258Mt in the half year which implies the fall of 14% on the YoY basis. The company had stated that the sales got impacted largely because of mine scheduling at the Maules Creek as well as longwall move’s scheduled impact at Narrabri in September quarter.

Not so long ago, Whitehaven Coal Limited had made an announcement related to Mr. Tony Haggarty’s retirement. The issued release which contained information related to the retirement stated that Mr. Tony Haggarty got placed on the company’s Board in the month of May 2007. The release also stated that Mr. Haggarty was also the Managing Director of the company from the month of October 2008 till the month of March 2013. The release threw light on Mr. Tony’s initial leadership roles. It added that Mr. Tony Haggarty handled Whitehaven Coal Limited in the early stages as a listed company.

Let us see how Whitehaven Coal Limited has performed today. The company’s stock price ended the session on the positive note as the stock price closed in green. The Whitehaven Coal Limited’s price closed at A$4.710 per share which implies the rise of A$0.170 per share or 3.744%. The market capitalization of Whitehaven Coal Limited stood at ~$4.66 billion.

As per the data on Australian Securities Exchange or ASX, Whitehaven Coal Limited has an annual dividend yield of 5.95%. We would now be understanding Whitehaven Coal Limited’s past performance. In the time span of previous six months, the stock price had delivered the return of -14.99% while in the time period of 3 months, Whitehaven Coal Limited’s stock had given the return of -17.15%. However, in the period of previous one month, the stock had given the return of -1.09%.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK