CEY 0.00% $6.16 centennial coal company limited

analyst report

  1. 1,626 Posts.
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    I've got an analyst's report on Centennial Coal from Ord Minnett that rates Centennial very highly with big growth forecasts.

    Since the report came out the stock has dropped from $2.30 to $2.20, but in the presentation Ord's were talking it up to $4.

    I think they've softened due to the stronger Aussie dollar, but CEY are in the unique position that 80% of their sales are domestic, so they are shielded from significant currency movements.

    I don't own any but with a PE of 6.8 they'd be a good option for someone with a 2 year growth strategy (although I know that 2 weeks is a long term plan for most the punters here).

    Cheers
 
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