Balanced Portfolio - New Hope Corporation (NHC)
BUY 3%
Date: 4/01/2024
*** GENERAL AVICE ONLY***
PE: 4.2
Price to Assets: 1.78
Yield: 9.89% (100% franked)
Mkt Cap: $4.5B
New Hope Corporation (NHC) Metallurgical and thermal coal producer New Hope is positioned well for long-term organic growth with strong relationships with existing international trading partners like Japan and the slow pace of the “green transition”
The company delivered its first mined coal at New Acland Stage 3 in Q1 this FY mining 0.2m tonnes at the site over the quarter, producing 0.06m tonnes of saleable coal.
Company-wide, New Hope produced 2m tonnes of saleable coal over the period, up 26% year-on-year, while total coal sold of 1.8m tonnes was down -3% year-on-year.
New Hope Corporation (NHC) – Total Portfolio Allocation 3%
Entry: $5.35 | Target: $6.20 | Stop: $4.80
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.