Super interesting stock - thanks for alerting us to it! A small correction however - the dividend policy is 50% MINIMUM, not maximum as stated in the video. The full dividend policy from the 2022 annual report is as follows: According to Yancoal policy and subject in each case to applicable laws, the ongoing cash needs of the business, the statutory and common law duties of the Directors and shareholders’ approval, the Directors may pay interim or final dividends, and per the Company’s Constitution must: • subject to the point below, pay as interim and/or final dividends not less than (A) 50% of net profit after tax (pre-abnormal items); or (B) 50% of the free cash flow (pre-abnormal items), in each financial year; and • if the Directors determine that it is necessary in order to prudently manage the Company’s financial position, pay as interim and/or final dividends not less than 25% of net profit after tax (pre-abnormal items) in any given financial year.
Just a slight correction. It trades on the Hong Kong exchange as well as the ASX. Although mainland Chinese can own the stock via Stock Connect. They shouldn't do buybacks but they might acquire more assets like BHP's mines. A lot of holders like myself are happy to just sit back and bank the dividends. Their divs are also fully franked and likely to be in the future.
same .. ive had shares in YAL for over 3yrs .. and been just banking the divvies and happy to hold .. (also had WHC/NHC before they pumped massively) ... I continue to buy YAL every month
I hold YAL, SMR, TER and BCB. YAL may appreciate because of the small float and the small number of investors who want divs. SMR is going up now with increasing coking coal price. No divs yet and issues with Indonesian majority shareholder but I like their position. TER, last FY I got back over 4x in cash and more in FC than my average buy in. Should have sold at over $1 but divs are still very good even if a lot lower. BCB is a disappointment so far but….. I know you guys are in WA and coal is on the nose and “dying”. But, it is writing a very long goodbye letter and Aussie coal should be the last to leave the global market. A special show on coal stocks, diff in thermal and coke markets and a credible view of future demand would be worthwhile IMO. PS I really like what you guys a doing. A breath of fresh air.
Wood was followed by coal was followed by oil was followed by uranium but the overall use of wood, coal and oil are still rising. Wind and solar may be the dream but wood to uranium is the reality and continue to be the font of the vast majority of baseload power.
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Super interesting stock - thanks for alerting us to it! A small correction however - the dividend policy is 50% MINIMUM, not maximum as stated in the video. The full dividend policy from the 2022 annual report is as follows:
According to Yancoal policy and subject in each case to
applicable laws, the ongoing cash needs of the business,
the statutory and common law duties of the Directors and
shareholders’ approval, the Directors may pay interim or final
dividends, and per the Company’s Constitution must:
• subject to the point below, pay as interim and/or final dividends
not less than (A) 50% of net profit after tax (pre-abnormal items);
or (B) 50% of the free cash flow (pre-abnormal items), in each
financial year; and
• if the Directors determine that it is necessary in order to
prudently manage the Company’s financial position, pay as
interim and/or final dividends not less than 25% of net profit
after tax (pre-abnormal items) in any given financial year.
Just a slight correction. It trades on the Hong Kong exchange as well as the ASX. Although mainland Chinese can own the stock via Stock Connect. They shouldn't do buybacks but they might acquire more assets like BHP's mines. A lot of holders like myself are happy to just sit back and bank the dividends. Their divs are also fully franked and likely to be in the future.
Yeah that's right, the dividends are juicy. We're definitely interested to see if FIRB would have anything to say about a proposed M&A deal.
same .. ive had shares in YAL for over 3yrs .. and been just banking the divvies and happy to hold .. (also had WHC/NHC before they pumped massively) ... I continue to buy YAL every month
A great review guys, you have all come a long way in a year !!!
I hold YAL, SMR, TER and BCB. YAL may appreciate because of the small float and the small number of investors who want divs. SMR is going up now with increasing coking coal price. No divs yet and issues with Indonesian majority shareholder but I like their position. TER, last FY I got back over 4x in cash and more in FC than my average buy in. Should have sold at over $1 but divs are still very good even if a lot lower. BCB is a disappointment so far but….. I know you guys are in WA and coal is on the nose and “dying”. But, it is writing a very long goodbye letter and Aussie coal should be the last to leave the global market. A special show on coal stocks, diff in thermal and coke markets and a credible view of future demand would be worthwhile IMO. PS I really like what you guys a doing. A breath of fresh air.
Great vid. Noticed the PE on this one and wanted more info and I think you guys covered it for me 😊
Glad you enjoyed it mate!
Wood was followed by coal was followed by oil was followed by uranium but the overall use of wood, coal and oil are still rising. Wind and solar may be the dream but wood to uranium is the reality and continue to be the font of the vast majority of baseload power.
so you mean the dividend should be higher to benefit investors?
I would love a deep dive into WHC if you lads are interested in that
Ooooooo that's interesting. We're chasing a coal guru. Email matt@moneyofmine.com
Cash over fist ?. A Mattism perhaps ?. Haha. Great show gents.
You learn something everyday from the big fella 😅
Yeh is that even a saying? Sounded close at least haha
@@MoneyofMine yeh nah.. 😉
Loved it. Been in Yancoal since early last year. Divs are fantastic and they are indeed making money hand over fist.
@@lachlanmcarthur2940 Not a bad stock for swing trading as well.👍
Is it a buy?
We give you the tools, not the answers
Super insight
Coal Man approves of this message.
Coal Man loves coal.
Good on the coal man
You guys should take a look at TER Cheers
It's a fascinating one for sure Cobba