Whitehaven Coal: Great Acquisition, Cash Gone, Now At The Mercy of The Cycle
We provide our take on the recent acquisition of the coal assets of BHP by Whitehaven Coal. By consuming all its cash and taking on debt, the...
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Indo Tambangraya Megah (ITMG IJ): Coal Price Optionality + Buyback + 12% Div Yield @ $130/T Coal
ITMG: coal beta + 12% yield + buyback firepower. Cheap at 5x PE on $130/t coal, net cash, best-in-class ESG, 65% payout. Best stock with a margin...
284 Views
Indo Tambangraya Megah (ITMG IJ): Massive ~10% Buyback Approved, Cash 58% of Market Capitalization
Positive catalyst for ITMG: sizable capital return plan—10% buyback approved over the existing 65% dividend payout. Shares trade at 15% FCF yield;...
550 Views
ITMG Vs PTBA: The Cheapest Way to Indonesian Coal Exposure
A stronger coal cycle does not automatically mean better equity returns. We dissect ITMG and PTBA through cash generation, mining economics and...
114 Views
IDX30/LQ45/IDX80 Index Rebalance: Big Impact for BREN on Friday
There are 2 constituent changes for the IDX30 Index, 1 for the LQ45 Index, and 3 for the IDX80 Index to be implemented at the close on 30 January....
415 Views