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Hi
Its hard to believe that all the coal companies in
Aussie are doing well
CEY has returned 80% for me and looks like it will
move higher as the demand for coal is still growing because of the shortage of
power in the growing asia.
Demand for power is the
reason.
CEY has long term contracts for its
coal
small debt
large dividend
7.2 PE
Has to be looked at Gerry
----- Original Message -----
Sent: Tuesday, April 16, 2002 1:21
PM
Subject: [sharechat] AUO--AUSTRAL COAL -
STATISTICS
Disclaimer: Outcomes may be
different than forecasted. Readers are not asked to buy, hold or sell AUO
shares. Do so so will be entirely at their own risk
Forecasted results, financial year ending 31 Dec. 2002:
1. Data.
Current price: Say 60 cents.
Shares up to 1 May 83 mill. For
the remainder of year: 153 mill. Mean weighted number of shares: 130 mill.
From "Longwall News": Profit $13 mill.
(Checked other sources, profit
data
accepted)
------------------------------------------------------------------------
2.
Statistics:
2.1 Expected outcomes:
E/S: 10 cents. Current P/E:
6
Expected P/E on 31/12/02: 9
Price on 31/12/02: 90 cents, or an
increase of 50% over 8 months (75% on annual basis, 1 May is the starting
point).
2.2 **Possible** outcomes:
P/E:10; Price on 31/12/02: 100
cents.
Increase: 67% over 8 months or 100% over 12 months.
Gerry Stolwyk
Holds AUO
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