Hello everyone, great to have your company on Kalkine TV. I'm
Holly and you’re watching Buzzing Trends. Today we will be looking
at 3 ASX coal shares with over 100% past year returns. So, lets get started.
Coal prices have surged steeply in the recent past, representing over 350% rise from a year ago.
The onset of the Russian invasion of Ukraine has seen coal prices witnessing a significant
turnaround from 2020, when the price fell below US$50 a tonne, to above US$400 per tonne. The
thermal coal prices are zooming as some European nations plan to ban the Russian coal. Russia
supplies nearly 70% of Europe's thermal coal exports. On the other hand, Russia accounts for
nearly 20% of the global thermal coal exports. Meanwhile, the ASX 200 Energy Index is up 21%,
while the broader ASX 200 Index is down 7% year-to-date. On this note, let’s discuss three
ASX-listed coal shares which have delivered a past year return of over 100% to their shareholders.
First up. Whitehaven Coal is Australia’s biggest independent
coal miner. It is a developer and operator of coal mines in New South Wales. The shares of Whitehaven
Coal have given a return of over 135% in the past year. The stock is up over 45% year-to-date.
The coal mining giant released its half-year results on 17 February.
In it, the company reported record-breaking profits and earnings, as well as lowered debt.
Despite dropping 6% on the day of the news, the Whitehaven Coal share price increased by 20%
overall in February. Whitehaven shares have likely been boosted today by global concerns of
an impending energy crunch as a result of the Russian invasion. The company recorded a 460%
rise in net profit to AU$340 million in the six months ending 31 December 2021. During the period,
the company generated revenue of AU$1.44 billion, while operating expenses fell marginally to
AU$322,000. Whitehaven Coal stock is currently trading at AU$4.02 per share.
Next. New Hope Corporation has interests in coal mining, exploration, port operation, conventional
oil, agriculture, etc. The shares of New Hope Corporation have given a return of over 122%
in the past year. The stock is up over 25% year-to-date. Diversified energy company New Hope
Corporation has recently appointed Robert Bishop as its new CEO and Rebecca Rinaldi as its new CFO.
The appointments come after Mr Bishop had been acting as the companies CEO since January 14,
while Ms Rinaldi had been acting as the companies CFO since February 1. Mr Bishop is the company’s
third CEO in two years, after Reinhold Schmidt resigned last month, having only held the position
since August 2020. In financial 2021, the company reported a net profit of AU$79 million compared to
a loss of AU$156.6 million in financial 2020, and an annual dividend per share of 11 cents.
New Hope Corporation stock is currently trading at AU$2.92 per share.
Lastly. Yancoal Australia into the production of metallurgical and thermal coal required
for the usage in the steel and power generation industries. The shares of
Yancoal Australia have given a return of over 103% in the past year. The stock is up over 77%
year-to-date. Last week the company released its financial results for the full year ended
31 December 2021. Yancoal posted a solid set of financial and operating results for the year,
underscored by a higher realised coal price and increased ratio of metallurgical coal sales.
As such, the company secured a record revenue of more than $5.4 billion for the period,
staging an impressive performance for earnings across the board. This led to a sizeable gain in
EBITDA from almost $750 million to $2.5 billion. Nevertheless, the mammoth jump in earnings allowed
the board to resume dividend payments. It allocated $930 million in surplus cash
to a 50 cents per share final dividend and a 20.4 cents per share special dividend, both unfranked.
Yancoal Australia stock is currently trading at AU$4.98.
We will be back with our Buzzing
Trends show tomorrow to share the latest market insights with you. Till then, Stay tuned
with Kalkine TV for more stock, business and economy related hot trends.