Whitehaven Coal

For a business that refuses to offer earnings guidance, Whitehaven Coal came awfully close to issuing a profit warning as it cautioned investors of weak coal prices. Management played a deft hand, gently noting that investors' coal price assumptions remained too high before sternly repeating that it did not offer profit guidance. With tact like that, they don’t have to. Management confirmed what we have long warned of; profits this year will fall, perhaps by a long way. Management highlighted that, at current prices, earnings before interest, tax, depreciation and amortisation would be closer to $50m rather than the...

For a business that refuses to offer earnings guidance, Whitehaven Coal came awfully close to issuing a profit warning as it cautioned investors of weak coal prices. Management played a deft hand, gently noting that investors' coal price assumptions remained too high before sternly repeating that it did not offer profit guidance. With tact like that, they don’t have to. Management confirmed what we have long warned of; profits this year will fall, perhaps by a long way. Management highlighted that, at current prices, earnings before interest, tax, depreciation and amortisation would be closer to $50m rather than the expected $185m.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles