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Online Share Trading

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Super Contributor
Some certainty re debt. 1,5X earnings. <20% of NAV. 1,5X cash gen. The bottom must be in...
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Super Contributor
Yip, tangible nav now down to 210cps. Unfortunately the breached debt covenants required some urgent cash inflow which forced the disposal of more coal assets at a rather hefty discount, but the improved headline earnings number might well signify that this could be the bottom. The pricing metrics certainly warrant a punt and there seems to be a rather generous seller/s....
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Super Contributor
I think that generous seller is RE:CM. They really took a hammering on this one.omo
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Super Contributor
HMMMM...
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did they not report a loss though? Even though there was a headline earnings...
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I think I jinxed it....
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Regular Contributor
Looking more positive than I thought. A speculative punt with a 5 year view might be in order. Any recovery in contract mining and exploration is going to be good for SNU.
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Super Contributor
Legislation aimed at curtailing lending and abolishing garnishees will increase real effective wages (ie. wages actually received) while lowering nominal wages going forward. This might ignite SNU.
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