New Hope to conduct share buyback of AU$300M

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New Hope Intrinsic Value – New Hope ($ASX:NHC) Corporation Limited is an Australian coal company. The company is headquartered in Brisbane, Queensland, and is listed on the Australian Securities Exchange. New Hope will be conducting a share buyback of AU$300M. This will be done in order to reduce the number of shares on the market, and therefore increase the value of the remaining shares.

This move by New Hope is seen as a positive one by investors, as it shows that the company is confident in its future prospects. It is also a sign that the company is committed to shareholder value. The share buyback is expected to have a positive impact on the company’s share price, and is likely to benefit shareholders in the long term.

Market Price

This move comes as good news to investors, as it indicates that the company is doing well financially and is confident in its future prospects. On Friday, the stock of New Hope Corporation Ltd. opened at AU$6.1 and closed at AU$6.4, representing a rise of 5.9% from the previous closing price. This positive reaction from investors shows that they are confident in the company’s future prospects. It is one of the country’s largest coal producers, and also has interests in other energy commodities such as natural gas.

The company has a strong presence in the Asia-Pacific region, and is well-positioned to take advantage of the growing demand for energy in this part of the world. The company’s share buyback program is a vote of confidence in its future prospects, and is likely to be well received by investors.

VI Analysis – New Hope Intrinsic Value Calculator

From the perspective of a long-term investor, a company’s fundamentals are the most important consideration when making investment decisions. The VI app makes it easy to analyze a company’s fundamentals and compare it to its peers. Based on the analysis, the fair value of NEW HOPE shares is around AU$3.4. However, the stock is currently trading at AU$6.4, which represents an overvaluation of 87%.

VI Peers

New Hope Corporation Limited is an Australian coal mining company. It is one of Australia’s largest coal producers and exporters with annual production in excess of 30 million tonnes of coal. The company has operations in Queensland and New South Wales. New Hope’s main competitors are Whitehaven Coal Limited, Guizhou Panjiang Refined Coal Co. Ltd., and Shanxi Hua Yang Group New Energy Co. Ltd.

– Whitehaven Coal Ltd ($ASX:WHC)

In 2022, Whitehaven Coal Ltd had a market capitalization of 9.27 billion Australian dollars and a return on equity of 48.41%. Whitehaven is an Australian coal company that operates mines in the states of New South Wales and Queensland. The company’s flagship mine is the Maules Creek mine in New South Wales, which is one of the largest coal mines in Australia. Whitehaven also has a minority interest in the Boggabri mine in New South Wales.

– Guizhou Panjiang Refined Coal Co Ltd ($SHSE:600395)

As of 2022, Guizhou Panjiang Refined Coal Co Ltd has a market cap of 15.09B and a Return on Equity of 15.96%. The company produces and sells refined coal products in China.

– Shan Xi Hua Yang Group New Energy Co Ltd ($SHSE:600348)

Shan Xi Hua Yang Group New Energy Co Ltd has a market cap of 45.24B as of 2022, a Return on Equity of 27.17%. The company is engaged in the business of developing, manufacturing and selling solar photovoltaic products. The company’s products are used in a variety of applications, including power generation, solar street lighting, solar water pumping, solar water heating and solar lighting.

Summary

If you’re looking to invest in a company with a strong history of share buybacks, then NEW HOPE may be a good choice. With a current share price of AU$300M, the company has the ability to repurchase a significant amount of shares, which could provide a boost to the stock price. In addition, news about the company has been mostly positive, which could further support the stock price.