WHC - Whitehaven Coal

willstor · 24 June 2013

Letts said:
I think (and hope) that this stock is going to rally and head north - mainly because I believe that the removal of Mr Tinkler and the opportunity for an additional payout or takeover bid can only be beneficial to the shares value.

Not a recommendation to buy, my opinion only.

I agree. I sold out a great deal of my portfolio when 5000 broke and am only just about ready to return.
A buy at 1.90 is good business, especially when its highly likely there will be a takeover. IMO of course!

Accumulator · 24 June 2013

I agree takeover is a strong possibility...still short sold over 10%, have to watch closely!

navtek · 3 December 2013

Hi,

This is probably a general question however will use my holding in WHC as an example.

Currently I hold a small portion (<5%) of WHC in my portfolio however currently sitting on a 50% loss just treading water waiting for a takeover offer.

So I guess the general questions I was wondering is if anyone has any exit strategies or options when you find yourself in a situation like this. Not after financial advice on the stock but just wanted to provide some context.

Options that come to mind:

- Start to strategically buy my way out of trouble, ie reducing my average cost price
- Hold and forget about it for a long period of time hoping for takeover price above my average.
- Suck it up and take the loss and ensure that I put this down as a lessened learned for not using SL's appropriately

Thanks in advanced.

piggybank · 4 December 2013

P&F daily update.

Accumulator · 5 December 2013

navtek said:
Hi,

This is probably a general question however will use my holding in WHC as an example.

Currently I hold a small portion (<5%) of WHC in my portfolio however currently sitting on a 50% loss just treading water waiting for a takeover offer.

So I guess the general questions I was wondering is if anyone has any exit strategies or options when you find yourself in a situation like this. Not after financial advice on the stock but just wanted to provide some context.

Options that come to mind:

- Start to strategically buy my way out of trouble, ie reducing my average cost price
- Hold and forget about it for a long period of time hoping for takeover price above my average.
- Suck it up and take the loss and ensure that I put this down as a lessened learned for not using SL's appropriately

Thanks in advanced.

Hi Navtek,

I am a relative newbie, so not very highly qualified to comment but if I found myself in a similar situation I would analyse how things have panned out.

Why did you buy the stock, what has caused the price reduction, do you believe the stock can come back etc.

In this case I think the deterioration in SP is well documented with factors like the Nathan Tinkler affect, weak coal prices, poor quality of coal, varied commentary on China's future, high Australian dollar etc

I would also look at how the various analysts rate the stock.

From my observation the long term appears positive. The new CEO appears to be stabilising up the financials, production is up, quality issues resolved, Maule's Creek is progressing and the Aussie is back around 90 cents which is a huge advantage for WHC. Analysts remain positive about the long term. I have also read in the Financial Review this week that companies are discussing possible joint ventures with WHC on Maule's Creek.

I guess the negatives would be uncertainty of world markets, Chinese demand, coal price remaining at record low levels.

My thoughts would be that i think the SP will come back in the long term and I am positive this can happen, indeed there are positive signs in the last week but that was needed because it has been a horror 12 months.

Good luck with what you choose to do, I hope some other experienced members can offer some input on general strategies for similar situations as i am interested in the same way you are

piggybank · 10 December 2013

P&F daily update.

notting · 16 September 2016

Having come from 40c to 2.18 you can't help think it's a bit late - but weekly looking promising.
Doing an FMG paying down debt instead of being stupid.
Coal doubling in the last few weeks due to train line issue in Aus.

Boggo · 23 September 2016

Out today at $2.42, may have jumped too soon but happy to take this profit

(click to expand)

skc · 23 September 2016

Boggo said:
Out today at $2.42, may have jumped too soon but happy to take this profit

(click to expand)

Cracker of a trade

notting · 23 September 2016

Boggo said:
Out today at $2.42, may have jumped too soon but happy to take this profit

(click to expand)

Breaking News
China's economic planner, The National Development and Reform Commission, is being reported by Reuters as saying that China will "unwaveringly cut excess coal production capacity".

PS. Little Fu(kers front running their announcements.

Boggo · 23 September 2016

skc said:
Cracker of a trade

Thanks skc.

Still have more losers than winners, small losers and big winners such as this (+SSM etc) give win/loss ratio of around 2.8 in my favour though.

Boggo · 23 September 2016

notting said:
Breaking News
China's economic planner, The National Development and Reform Commission, is being reported by Reuters as saying that China will "unwaveringly cut excess coal production capacity".

View attachment 68207

PS. Little Fu(kers front running their announcements.

Haha, I'll be back in if it runs again

CrazyDan · 24 September 2016

Boggo said:
Out today at $2.42, may have jumped too soon but happy to take this profit

(click to expand)

When/where did you get in?

Boggo · 26 September 2016

Boggo said:
Haha, I'll be back in if it runs again

In again, couldn't get to the computer until around 11am so was a bit late getting back in, much reduced exposure this time too, that >10% drop in one day spooked me last week.
Not to worry, its the second mouse that gets the cheese

CrazyDan said:
When/where did you get in?

Precise details are on my other computer, got first lot in the 80's and second lot in the 1.20's, average was about $1.07.

notting · 4 October 2016

Mao Says price must go down.
Their still playing it -

Wary of paying top dollar to import coal from places like Australia, China moved to loosen the policy on September 9, and according to reports is set to loosen it further for new mines under construction and all mines that passed safety standards in 2015.

Analysts at Morgan Stanley said the fresh changes would liberate approximately 789 Chinese coal mines, which represents the "vast majority" of Chinese coal production.

"We see the latest round of relaxation as aggressive. Not only has the government relaxed production cap for as many as 789 projects, new mines under construction are also allowed to resume. This shows the government's determination in adjusting coal supplies," the analysts said in a note.

notting · 7 October 2016

Betting against the trend for a quickie with protection
2.73

notting · 7 October 2016

went in harder at 2.78 but did not like the fact that it made a higher high. The reason I went in harder was hoping for some profit taking on Friday afternoon which I got down to 2.71 and took most of it off for a small gain but basically exiting. Not really the kind a trend you want to be against overnight after a higher high! (Being a Friday after a very strong week more often than not gives you some safety if it remains looking strong you can also get some counter trend follow through on the Monday morning but that's a bit more risky if it didn't do enough on the Friday, if it starts Monday strong, you can always go hard long for quick crack to recoup!)
Will off load the rest when it looks to consolidate after this little leg down.

tech/a · 19 October 2016

Up about 20% since the Chart was spotted as one
of interest 8/10/16

Chatter has gone quiet here just when it got interesting.

Hope you did well guys.

https://www.aussiestockforums.com/forums/showthread.php?t=31431&page=2

Boggo · 19 October 2016

tech/a said:
Up about 20% since the Chart was spotted as one
of interest 8/10/16

Chatter has gone quiet here just when it got interesting.

Hope you did well guys.

https://www.aussiestockforums.com/forums/showthread.php?t=31431&page=2

Doing nicely here, been a good one for me over the last three to four months.

One WHC per month is all I need

tech/a · 19 October 2016

Yeh noticed you've had it a while.

Not over yet!!

WHC - Whitehaven Coal

willstor

Accumulator

navtek

piggybank

Accumulator

piggybank

notting

Boggo

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skc

Goldmember

notting

Boggo

Boggo

CrazyDan

Boggo

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notting

notting

notting

tech/a

No Ordinary Duck

Boggo

tech/a

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