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Whitehaven Coal Limited (WHC)

Whitehaven Coal Limited (WHC)

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Gearing Available  Margin Lending Available (40%)

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General Information
Company Name: Whitehaven Coal Limited
Stock Code: WHC
Website: www.whitehaven.net.au
Market Cap ($M): 2,676
Equiv. Shares (M): 407

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
  $ 5.420 $ 5.450 $ 5.460 $ 5.370 $ 5.450 1,181,299 $ -0.030  -0.550 %

Current Broker Consensus Recommendation more
Recommendation : Hold
Recommendation Date : 29th Jul 2010
12 Month Target Price (average) : $5.867
Brokers Surveyed : 7

Market Statistics
% of Market: 0.2115
% of Sector: 2.1235
Sector: Energy
Industry Group: Energy
Industry: Oil, Gas & Consumable Fuels

Company Overview
Company Overview
WHC is an independent coal group that mines and sells metallurgical and high-grade thermal coals to global steel, power-generation and metallurgical industries. The company comprises a number of privately owned companies developing and operating coal projects in the Gunnedah region of NSW. WHC operates three open-cut mines; Canyon, Tarrawonga, and Werris Creek. In FY08, WHC was granted development approval for the Narrabri and Rocglen projects.

Financial Summary
Year to n/a
NPAT
Rep $M
NPAT1
Adj $M
EPS
c
EPS chg
%
PER
x
PER rel
All Ords x
PER rel
Sector x
DPS
c
Yield
%
Franking
%
ROE
%
2007 n/a 0.0 n/a n/a 0.0
2008 79.1 0.0 n/a n/a 0.0
2009 319.0 0.0 0.0 0.0 0.0
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.

Peer Comparison
P/E (x) EPS Change (%) Dividend Yield (%)
Company Code Last Price Mkt Cap 07A 08F 07A 08F 07A 08F
Paladin Energy PDN $3.85 $2,890M -88.6972 94.5771 n/a -193.7829 0.0000 0.0000
Whitehaven Coal WHC $5.42 $2,676M 16.4484 n/a 431.7500 n/a 2.7100 n/a
Energy Resources of Aust ERA $13.78 $2,628M 16.7180 12.0000 131.0400 -19.5000 1.6300 4.0000
Aquila Resources AQA $7.40 $2,451M -66.2524 380.7313 n/a -117.4013 0.0000 0.0000
Centennial Coal CEY $5.98 $2,362M 11.3626 41.0000 30.8900 -32.7000 4.4700 1.3000

Share Price Returns
3 Months (%) 6 Months (%) 12 Months (%)
WHC 1.8800 26.5200 77.4800
Sector n/a n/a n/a
Market -6.7540 -1.9465 7.4232

Ratio Comparison
Year WHC Sector Market
P/E (x) FY07 0.0 n/a n/a
FY08 0.0 n/a n/a
Yield (%) FY07 0.0 n/a n/a
FY08 0.0 n/a n/a
EV/EBIT (x) FY07 0.0 n/a n/a
FY08 0.0 n/a n/a
EV/EBITDA (x) FY07 0.0 n/a n/a
FY08 0.0 n/a n/a

Directors
Name Position
J Conde Director
N Chatfield Director
A Haggarty Director
A Krueger Director
Mr A Plummer Director
Mr A Davies Executive Director

Management
Name Position
T Haggarty Managing Director

Substantial Shareholders
Name % Holding
Whitehaven Coal 45.4300
FRC Whitehaven Holdings BV 40.7600
A Haggarty 7.3700
RANAMOK Pty Ltd 7.3400

Calendar of Events
Date Event
31-Mar-2010 Dividend Date Payable for Half Yearly Result (2.8c 100% franked)
12-Mar-2010 Dividend Record Date for Half Yearly Result (2.8c 100% franked)
05-Mar-2010 Dividend Ex-Dividend Date for Half Yearly Result (2.8c 100% franked)
30-Sep-2009 Dividend Date Payable for Final Year Result (6.0c 100% franked)
18-Sep-2009 Dividend Record Date for Final Year Result (6.0c 100% franked)


Data supplied by Aegis Equities Research Pty Limited (ACN 085 293 910).
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