Centennial Coal Company
Centennial Coal Company (CEY) is Australia's largest independent coal company and is also a coal mining and marketing company engaged in the supply of coking and thermal coal to both Australian and export markets. The CEY is also the fuel supplier to the energy industry of the New South Wales. Approximately 30% of its coal production is exported through the ports located in Port Kembla and Newcastle in New South Wales. CEY was listed on the Australian Stock Exchange on the 4th of August 1994.
Centennial Coal Company (CEY) the largest Australia based independent coal company which is involved in a coal mining and marketing with the focus on supply of coking and thermal coal to both Australian and export markets was the worst performer in the ASX100 list for the 3rd week of 2010. The company lost 10.9 percent or 46 cents to its stock price and was closed for the week at $3.73.
Bank of Queensland (BOQ), a company that operates in the provision of financial, banking and related services in Victoria, New South Wales, Queensland, Northern Territory, ACT and Western Australia was the worst performer in the ASX100 list that lost 8.05 percent or 91 cents to its stock price closing the week at $10.39.
Goodman Group (GMG), a company that is engaged in the business of ownership, development and management of business and industrial places was the best performing stocks in ASX100 index for the 33rd week that saw a rise of 19.1 percent or 9 cents in its stock price closing the week at 53 cents.
Murchison Metals (MMX) - one of the leading iron ore exploration companies in Australia was the worst performing stock in ASX 200 on week 25. The company lost 23.4 percent or 51 cents on the share market. Some other worst performing stocks of this list were Gloucester Coal (GCL), Kagara Zinc (KZL), Paper Linx (PPX), ING Industrial Fund (IIF) and Paladin Energy (PDN).
Here is a review on the sector resources provided by Australian stockmarket analyst Macquarie Research Equities.
How High can Resources Go? A Review of the Sector
JP Morgan have rated the Centennial Coal Company (CEY) stock with a Neutral recommendation while pushing up their NPV to $4.03. The catch is that the analyst's expect that the company's share price would trade below NPV as a consequence of high operational risk.
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