New Hope Corp Ltd Ord

(NHPEF)

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Profile

New Hope mines thermal coal from 100%-owned Acland in Queensland and 80%-owned Bengalla in New South Wales. Group production of about 12 million tonnes a year is almost exclusively sold to the export market. Acland's expansion from 5 million tonnes to 7.5 million tonnes took a blow with an adverse May 2017 Land Court decision, but a conditional recommendation for approval from the Land Court in November 2018 means Acland Stage 3 will likely go ahead. Most of the company's net cash was spent with the acquisition of 40% of Bengalla in 2016 and a further 40% in 2018. It has temporarily reduced future capital allocation options. New Hope's net cash, prior to the acquisition of a further 40% of Bengalla for AUD 860 million, was AUD 470 million at end July 2018.

Contact Information

Website: www.newhopegroup.com.au
Email: osec@newhopegroup.com.au
Main Phone: +61 734180500
Address: 3/22 Magnolia Drive
State: QLD
City / Town: Brookwater
Country: AUS
Postal Code: 4300

Issuer Information

Exchange: OTO
Employees: 550
NAICS: Bituminous Coal and Lignite Surface Mining(212111)
$ 2.66 $ 0. (0.00%)
Last Price 2.66 Change $ 0. Change % 0.00 Tick N/A
Bid N/A Bid Size N/A Ask N/A Ask Size N/A
Open N/A High N/A Low N/A Prev Close 2.66
Last Trade Volume 0 52 Wk Hi 2.73 52 Wk Low 1.62
Market Cap 2.2 bi Ex-Div Date N/A Div Rate N/A Yield N/A
Shares 831,266,604.00 EPS (TTM) 0.13 PE Ratio 19.90 Exchange OTCPK