YAL - Yancoal Australia

[Logique2]

Including YAL in my 2023 tipping.
Runs multiple Australian mines, earns money and is now paying a dividend.
Solid financials, and well poised to participate in the coal story, which has further to run.

 

[rcw1]

Good evening
PoC not real flash at the moment, but YAL SP not too bad at the end of the day, reckon.
31 December 2023 cash balance of $1.40 billion with $477 million added to the cash balance during the quarter after all operating costs, as well as capital expenditure and monthly tax payments.

Average realised coal price was A$196/tonne for the quarter and A$232/tonne for the year;
18.1Mt ROM coal production (100% basis);
12.9Mt Saleable coal production (100% basis);
9.7Mt Attributable saleable coal production;
10.1Mt Attributable coal sales.

Yancoal paid a final dividend of 70 cents per share on 28 April 2023 and interim dividend of 37 cents per share hit their bank account on 20 September 2023. $1.07 fully franked.

5 minute chart

Not holding.
Have a very nice week.

Kind regards
rcw1

 

[finicky]

Yeah, avoid CCP influenced, let alone controlled, companies. They'll screw the domestic shareholders one way or another as they are impolite and have a poor grasp of ethics. They're just not nice.

Not Held!

Market Matters answering a W/E question from a subscriber:
"Yancoal (YAL) demonstrated in no uncertain fashion last year that it’s a Chinese coal company listed on the ASX in August when it overrode the company’s constitution to withhold its dividend, blindsiding plenty of local shareholders in the process. We believe YAL could pull this stunt again and as such will not be re-rated value wise as the reliable strong yielding stock of the past, hence it’s not for us."

 

[farmerge]

Yeah, avoid CCP influenced, let alone controlled, companies. They'll screw the domestic shareholders one way or another as they are impolite and have a poor grasp of ethics. They're just not nice.

Not Held!

Market Matters answering a W/E question from a subscriber:
"Yancoal (YAL) demonstrated in no uncertain fashion last year that it’s a Chinese coal company listed on the ASX in August when it overrode the company’s constitution to withhold its dividend, blindsiding plenty of local shareholders in the process. We believe YAL could pull this stunt again and as such will not be re-rated value wise as the reliable strong yielding stock of the past, hence it’s not for us."

@finicky but would the "directors" of YAL really care what the pundits say or voice their disapproval.

 

[finicky]

... but would the "directors" of YAL really care what the pundits say?

They might care about the share price and to that extent care about negative publicity? I feel sure they will not care about the interests of the minority shareholders. This has apparently already been demonstrated by the improper cancellation of the interim dividend in 2024? (see above MM quote)
SIx of the nine directors have Chinese national backgrounds. Pounds to peanuts they also hold the most powerful roles. They will be controlled by the CCP. The CCP only cares about the CCP.

Board – Yancoal

www.yancoal.com.au