ITMG IJ: Steady Coal Prices, Mine Life Upgrade, 43% of the Mkt Cap in Cash and 11% Dividend Yield
We highlight the mine life upgrade for ITMG IJ, our expectations for a better sequential H2 2024, the 860 mn USD net cash position and 11% dividend...
725 Views
Shortlist Of High Conviction Ideas: Income, Value, and Margin of Safety - April 2024
We compile our selection of small and mid-cap names with our desired characteristics of high dividend yields, value, and margin of safety. We...
969 Views
Indo Tambangraya - FY24 Outlook
ITMG indicated more aggressive FY24 production and sales growth plans (+15-20% yoy), driven by the contribution from its newer mines.
316 Views
ITMG IJ: A Healthy 15% Yield Despite the Coal Price Correction, With >50% Mkt Cap In Cash
Despite the recent coal price correction, ITMG trades at 4.5x PE &15% dividend yield. The cash buffer of 850 mn USD (50% of the market cap) also...
671 Views
Whitehaven Coal Suspension of Buyback: A Negative Despite Rising Coal Price/ Potential Acquisition
We provide a rationale for why we do not like Whitehaven Coal's suspension of its buy back program despite the strong coal price environment and...
908 Views