St Barbara Ltd
.png)
SBM Details
-
Higher costs in FY17: St Barbara Ltd (ASX: SBM) stock surged over 6.97% on August 01, 2016 as the group reiterated their positive outlook for FY17 and expects a production of 340-370 koz. The group is also seeking to leverage its current assets and accordingly planning for a mine extension for Gwalia. The group is conducting strategic review for Simberi. Moreover, the shares of SBM delivered an outstanding return of 112.7% during this year to date (as of July 29, 2016) as the group’s annual gold production for FY16 was more than expected. The group reported a cash contribution of A$275 million for FY16 while decreased the debt by US$197 million from June 2015. On the other hand, the group expects a slightly higher AISC of A$985-$1075/oz as compared to FY16 AISC of A$933 / oz.
-
Recommendation: The stock is “Expensive” at the current price of $3.22
.png)
SBM vs peers (Source: Company Reports)
Whitehaven Coal Ltd
.png)
WHC Details
-
Ongoing positive momentum in the stock: Whitehaven Coal Ltd (ASX: WHC) stock delivered an outstanding performance on August 01, 2016 on the back of coal price movement, with the stock surging over 8.3%. The stock rallied over 53.88% in the last four weeks (as of July 29, 2016) as the group reported a solid June quarter performance. WHC full year ROM coal production rose 30% year on year (yoy) to 20.5Mt, while saleable coal production reached 19.7Mt. The group’s Maules Creek operated at a rate of over 9.0Mtpa during the quarter while Narrabri and Tarrawonga reported new ROM coal production records.
-
Recommendation: We maintain our “Speculative Buy” recommendation on the stock at the current price of $1.825
.png)
Expectations vs outcome (Source: Company Reports)
Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated pages are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376).The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd currently hold positions in: BHP, BKY, KCN, PDN, and RIO. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
AU
CA
NZ
UK
US
IND
Please wait processing your request...