Past year: ▲ 43%(3.82 – 6.03 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
14 Sept 2018other▼ BadMajor
Profit guidance for year to 31 July 2018: profit before non-regular items $248–253m, but about $103m after-tax non-regular charges, mainly an impairment of the Colton exploration project. Statutory profit expected at $145–150m. Colton, once approved and awaiting an investment decision, is written down.
7 Aug 2018asset acquisition disposition● Neutral
Wesfarmers announced it will sell its 40% Bengalla interest to New Hope for $860m, with completion expected in the fourth quarter of 2018. Subject to regulatory approval and pre-emption rights of the other partners. This is Wesfarmers' side of the deal New Hope announced the same day.
7 Aug 2018asset acquisition disposition▲ GoodMajor
New Hope committed to buy Wesfarmers' 40% of Bengalla for $860m, lifting its stake to up to 80% depending on Mitsui and Taipower's pre-emption rights. Funded by cash and new debt facilities, with completion anticipated in late 2018. Doubles its largest coal asset.
30 May 2018regulatory community update▼ BadMajor
Oakey Coal Action Alliance lodged an appeal against the Supreme Court decision that set aside the Land Court's New Acland Stage 3 recommendation. New Hope is reviewing the grounds. This adds fresh uncertainty to the win announced on 2 May.
2 May 2018regulatory community update▲ GoodMajor
Queensland Supreme Court set aside the Land Court's 2017 recommendation against New Acland Stage 3, finding errors on groundwater, noise and intergenerational equity. The matter returns to the Land Court. This reverses the setback from May 2017 and keeps the project alive.
24 Apr 2018joint venture update● NeutralMajor
Bengalla (New Hope 40%) settled its court case against MACH Energy over the neighbouring Mount Pleasant mine, resolving the proceedings begun April 2017. Bengalla supports MACH's applications and pays $12m by instalments; MACH must remove rail infrastructure by October 2022.
20 Mar 2018investor presentation● Neutral
Half-year results slides repeating known figures: profit $115.6m, 4.4 Mt coal sold, 6.0c dividend. Notes New Acland Stage 2 extension options are being investigated to avoid a production gap; 288 staff and about 500 contractors depend on the mine.
20 Mar 2018half year report▲ Good
Results release for the half to January 2018, called a record half: profit $115.6m, revenue $509.4m, 6.0c interim dividend. Bengalla contributed $83.8m pre-tax profit; oil revenue $12.8m, up 45%. Repeats the half-year report figures.
20 Mar 2018half year report▲ GoodMajor
Half year to 31 January 2018: revenue $509.4m, profit after tax $115.6m (up 111%), operating cash $206.7m. Interim dividend 6.0c fully franked, up from 4.0c. Continues the earnings recovery seen in the first quarter, helped by higher coal prices.
14 Feb 2018regulatory community update▼ BadMajor
Queensland's environment department refused the environmental authority amendment for New Acland Stage 3. This adds to the Land Court's adverse recommendation; the company is considering options, and the Supreme Court judicial review is due in March. About 300 employees and 500 contractors depend on the mine.
27 Nov 2017asset acquisition disposition▲ GoodMajor
The Lenton Joint Venture (New Hope 90%) completed buying four Burton Coal Mine tenements and infrastructure from Peabody for A$14.4m. This closes the deal announced in September; the assets adjoin the New Lenton Project.
16 Nov 2017investor presentation● Neutral
AGM presentation repeating FY2017 results and first-quarter figures already released: profit $128.7m before non-regular items, quarterly NPAT $52.3m. No new announcements.
30 Oct 2017asset acquisition disposition● Neutral
Laneway Resources announced it will buy New Hope subsidiary Northern Energy's 50% of the Ashford coking coal project in northern NSW, taking Laneway to 100%. New Hope receives a $375,000 reimbursement; completion is expected December 2017. Exits a minor asset.
18 Oct 2017other● Neutral
Share registry Computershare notifies that its Brisbane office moves to 200 Mary Street from 1 November 2017. Administrative notice with no effect on the company.
19 Sept 2017annual report▲ GoodMajor
Year to 31 July 2017: revenue $844.1m, profit after tax $140.6m ($128.7m before non-regular items) against a $53.7m loss the year before. Final dividend 6.0c, making 10.0c for the year. Operating cash flow was $313m before interest and tax.
19 Sept 2017other● Neutral
Annual corporate governance compliance form (Appendix 4G) lodged with the annual report, pointing to the governance statement on the company website. Administrative, no new substance.
19 Sept 2017annual report▲ Good
Full-year results release: profit before non-regular items $128.7m, up from $5m, with 8.5 Mt sold and 6c final dividend. Year-end cash $236.9m. New Acland Stage 3 judicial review continues; Burton purchase described as enabling New Lenton.
19 Sept 2017investor presentation● Neutral
Full-year results slides repeating known figures: profit $128.7m before non-regular items, EBITDA $283.1m, 10c full-year dividend. Notes Bengalla contributed $322.6m revenue. No new announcements.
6 Sept 2017asset acquisition disposition▲ GoodMajor
The Lenton Joint Venture (New Hope 90%) agreed to buy four mining tenements and infrastructure from Peabody's Burton Coal Mine for A$14 million. They adjoin the New Lenton Project; completion is expected early 2018, subject to conditions.
15 June 2017regulatory community update● NeutralMajor
New Acland Coal applied for judicial review of the Land Court's recommendation against Stage 3. This is the company's challenge to the adverse 31 May ruling; no outcome or timing is given.
31 May 2017regulatory community update▼ BadMajor
Land Court recommended that the New Acland Stage 3 mining leases and environmental authority amendment not be granted. This contradicts hopes of approval; the Minister makes the final decision. The mine employs 782 people, and the company remains committed to Stage 3.
31 May 2017admin correction● Neutral
Re-release of the Land Court recommendation announcement because the first version linked to the wrong document. Content is unchanged: Stage 3 leases recommended not to be granted.
4 May 2017regulatory community update▲ GoodMajor
Queensland granted mining leases for the Colton coal project near Maryborough, following the environmental authority in December 2016. A final investment decision is still required; the company will now study development timing and method.
19 Apr 2017regulatory community update● Neutral
Bengalla Mining Company, in which New Hope holds 40%, started NSW Land and Environment Court proceedings against MACH Energy to restrain development of its Mount Pleasant project until consent terms are met. No financial impact stated.
22 Mar 2017admin correction● Neutral
Correction: the interim dividend record date is 19 April 2017, not 18 April as stated in the results documents. No other change.
21 Mar 2017investor presentation● Neutral
Bridgeport Energy half-year slides: revenue $8.8m, loss after tax $2.1m, production 141,355 barrels, about 950 bopd. Notes Kenmore/Bodalla added 400 bopd and a 50% farm-out of PEL630 to Beach Energy completed 17 February.
21 Mar 2017half year report▲ GoodMajor
Half to 31 January 2017: revenue $374.6m, NPAT $68.4m ($54.9m before non-regular items, up 265%) versus $2.7m a year earlier. Operating cash flow $119.7m. Interim dividend 4.0c, double last year's. Bengalla contributed $39.7m.
21 Mar 2017investor presentation▲ Good
Half-year results slides repeating known figures: NPAT $68.4m, EBITDA $130.2m, operating cash $119.7m, 4.0c dividend. Cash including term deposits is shown rising from the prior half. No new announcements.
21 Mar 2017half year report▲ Good
Results media release repeating the half-year figures: NPAT $68.4m, EBITDA before non-regular items $130.2m, 4.0c dividend. Notes the QBH boom was replaced in under four weeks and full-year shipping isn't expected to be materially affected.
16 Feb 2017other▲ GoodMajor
Profit guidance for the half to 31 January 2017: NPAT of $50-54m before non-regular items, versus $15.0m a year earlier. About $14m non-regular rail-charge gain lifts the total to $64-68m. Results due 21 March.
