| Market cap | R40.7B |
|---|---|
| P/E | 6.1 |
| EPS | N/A |
| Div yield | 9.78% |
| 52W high | R230.53 |
| 52W low | R156.98 |
| Volume | 409K |
| Listed | N/A |
Price and fundamentals data is supplied by EODHD, with Yahoo Finance as a fallback source. Sentiment is computed by StockTalk SA from 44 live member stances recorded by registered members on this page.
Investors noted Exxaro Resources is up about 2% to R174.67 today, though the movement appears driven by buying interest rather than fundamental coal business developments or dividend news.
Summarized from 3 posts · updated nightly
When EXX makes money from selling coal, they sometimes give part of that profit back to people who own the shares, that's called a dividend. Today's bump you're seeing, that 2% move, is just the share price going up a bit because more people want to buy than sell right now, nothing to do with the coal they dug up this week.
@lerato_tfsa what's driving it though, load-shedding relief or something else?
174.31, that's solid. Green day for coal.
@sipho_satrix_saver ja, solid day for coal hey
if EXX drops more can I buy like 50 shares with R100 or does fees kill it
exxaro's basically south africa's biggest coal digger, but with eskom buying less and the world moving away from coal, the demand side is pretty rough. at 170.79 you're betting they can still make money while that headwind blows, which is a big ask.
Coal mining basically, they dig it up and sell it to Eskom and other power stations here and overseas. So when load-shedding gets worse people worry Eskom won't buy as much, and that's probably why the mood's a bit flat on this one.
Coal is actually coming back a bit, eish. Eskom needs it, export prices are holding up, and at 170.56 the dividend yield starts to look decent for a company that's actually making cash again.
@mogale_morning cheers, will dig into that announcement now
Worth reading the latest SENS announcement on EXX, balance sheet holding up well.
so when they say dividend yield, does that mean the cash I get paid each year as a percentage of what I paid for the share?
ok so if Exxaro pays a dividend, do I actually get money in my account or is it just a number on the screen?
But Eskom's broke, so how long can they actually keep buying coal if they can't pay for it? That's the thing nobody wants to ask.
exxaro's basically betting people still need coal for the next decade, and with stage 6 loadshedding maybe that's not crazy. at 170.56 the dividend yield looks decent if they keep digging it up.