Latest news with #Yancoal
The Advertiser
a day ago
- Business
- The Advertiser
'Like something on the stockmarket': Mining company acquires Hunter village
Now, the handful of residents still living at Camberwell are rallying once again after the Bloomfield Group's acquisition of several strategic land and mining tenure assets from Yancoal last week. They include mining company-owned dwellings at Camberwell, as well as land and associated mining tenure for the previously proposed Ashton South East Open Cut project at Camberwell. Ashton Coal, a subsidiary of the Chinese-owned Yancoal, allowed the project's approval to lapse in October 2023. Central to its decision was the insurmountable opposition from former Camberwell resident Wendy Bowman. The NSW Court of Appeal ruled in 2015 that the mine could only proceed if Ms Bowman agreed to sell her land. Ms Bowman died in August 2023 aged 89. Bloomfield acquired her property for $9 million earlier this year. A Bloomfield spokesman said the company would assess opportunities for the mining assets it had just acquired from Yancoal to complement its existing operations. "Completion of the acquisition and any future development is subject to the usual regulatory process and approvals," he said. The spokesman said the company had no plans to change the existing arrangements for the properties it had acquired in Camberwell. Deidre Olofsson, a close friend of Ms Bowman, has lived in Camberwell for 39 years, She said he had "no doubt" the South East Open Cut project would be revived. "We are not stupid; they paid $9 million for Wendy's place and it is not worth anything near that," she said. Ms Olofsson, who has recently invested in upgrading her property, said she feared pressure would increase on the village's residents to get out. "Our village has been traded like something on the stock market. It's disgraceful," she said. "We have fought so hard to save this village and now it's all on again. They are destroying people's mental health and we have no recourse." Bloomfield's agreement with Yancoal also includes the area of the Donaldson open-cut and Abel underground mines, located east of Maitland and adjacent to The Bloomfield Group's Bloomfield Colliery. Under the agreement, The Bloomfield Group will assume responsibility for the rehabilitation of both the Donaldson and Abel mine sites. The agreement also includes land, dwellings, and associated mining tenure in the Upper Hunter, adjacent to The Bloomfield Group's Rix's Creek Mine. The arrangement involves the balanced exchange of particular assets and obligations and does not include a cash payment. Bloomfield Group chief executive Brett Lewis said the acquisition aligns with the company's strategy of investing to ensure stability for existing operations, while also creating business options and growth opportunities. "While we will assess opportunities for the acquired mining assets to complement our existing operations, this acquisition is about more than simply continuing mining," Mr Lewis said. "It's about making responsible decisions for our people and the community through improved rehabilitation outcomes, regional development opportunities, and the potential for more diverse future land uses." "Securing land adjacent to our existing Rix's Creek Mine operations gives us the flexibility to better plan for future infrastructure, such as the proposed highway relocation to support our Rix's Creek North Continuation Project." Now, the handful of residents still living at Camberwell are rallying once again after the Bloomfield Group's acquisition of several strategic land and mining tenure assets from Yancoal last week. They include mining company-owned dwellings at Camberwell, as well as land and associated mining tenure for the previously proposed Ashton South East Open Cut project at Camberwell. Ashton Coal, a subsidiary of the Chinese-owned Yancoal, allowed the project's approval to lapse in October 2023. Central to its decision was the insurmountable opposition from former Camberwell resident Wendy Bowman. The NSW Court of Appeal ruled in 2015 that the mine could only proceed if Ms Bowman agreed to sell her land. Ms Bowman died in August 2023 aged 89. Bloomfield acquired her property for $9 million earlier this year. A Bloomfield spokesman said the company would assess opportunities for the mining assets it had just acquired from Yancoal to complement its existing operations. "Completion of the acquisition and any future development is subject to the usual regulatory process and approvals," he said. The spokesman said the company had no plans to change the existing arrangements for the properties it had acquired in Camberwell. Deidre Olofsson, a close friend of Ms Bowman, has lived in Camberwell for 39 years, She said he had "no doubt" the South East Open Cut project would be revived. "We are not stupid; they paid $9 million for Wendy's place and it is not worth anything near that," she said. Ms Olofsson, who has recently invested in upgrading her property, said she feared pressure would increase on the village's residents to get out. "Our village has been traded like something on the stock market. It's disgraceful," she said. "We have fought so hard to save this village and now it's all on again. They are destroying people's mental health and we have no recourse." Bloomfield's agreement with Yancoal also includes the area of the Donaldson open-cut and Abel underground mines, located east of Maitland and adjacent to The Bloomfield Group's Bloomfield Colliery. Under the agreement, The Bloomfield Group will assume responsibility for the rehabilitation of both the Donaldson and Abel mine sites. The agreement also includes land, dwellings, and associated mining tenure in the Upper Hunter, adjacent to The Bloomfield Group's Rix's Creek Mine. The arrangement involves the balanced exchange of particular assets and obligations and does not include a cash payment. Bloomfield Group chief executive Brett Lewis said the acquisition aligns with the company's strategy of investing to ensure stability for existing operations, while also creating business options and growth opportunities. "While we will assess opportunities for the acquired mining assets to complement our existing operations, this acquisition is about more than simply continuing mining," Mr Lewis said. "It's about making responsible decisions for our people and the community through improved rehabilitation outcomes, regional development opportunities, and the potential for more diverse future land uses." "Securing land adjacent to our existing Rix's Creek Mine operations gives us the flexibility to better plan for future infrastructure, such as the proposed highway relocation to support our Rix's Creek North Continuation Project." Now, the handful of residents still living at Camberwell are rallying once again after the Bloomfield Group's acquisition of several strategic land and mining tenure assets from Yancoal last week. They include mining company-owned dwellings at Camberwell, as well as land and associated mining tenure for the previously proposed Ashton South East Open Cut project at Camberwell. Ashton Coal, a subsidiary of the Chinese-owned Yancoal, allowed the project's approval to lapse in October 2023. Central to its decision was the insurmountable opposition from former Camberwell resident Wendy Bowman. The NSW Court of Appeal ruled in 2015 that the mine could only proceed if Ms Bowman agreed to sell her land. Ms Bowman died in August 2023 aged 89. Bloomfield acquired her property for $9 million earlier this year. A Bloomfield spokesman said the company would assess opportunities for the mining assets it had just acquired from Yancoal to complement its existing operations. "Completion of the acquisition and any future development is subject to the usual regulatory process and approvals," he said. The spokesman said the company had no plans to change the existing arrangements for the properties it had acquired in Camberwell. Deidre Olofsson, a close friend of Ms Bowman, has lived in Camberwell for 39 years, She said he had "no doubt" the South East Open Cut project would be revived. "We are not stupid; they paid $9 million for Wendy's place and it is not worth anything near that," she said. Ms Olofsson, who has recently invested in upgrading her property, said she feared pressure would increase on the village's residents to get out. "Our village has been traded like something on the stock market. It's disgraceful," she said. "We have fought so hard to save this village and now it's all on again. They are destroying people's mental health and we have no recourse." Bloomfield's agreement with Yancoal also includes the area of the Donaldson open-cut and Abel underground mines, located east of Maitland and adjacent to The Bloomfield Group's Bloomfield Colliery. Under the agreement, The Bloomfield Group will assume responsibility for the rehabilitation of both the Donaldson and Abel mine sites. The agreement also includes land, dwellings, and associated mining tenure in the Upper Hunter, adjacent to The Bloomfield Group's Rix's Creek Mine. The arrangement involves the balanced exchange of particular assets and obligations and does not include a cash payment. Bloomfield Group chief executive Brett Lewis said the acquisition aligns with the company's strategy of investing to ensure stability for existing operations, while also creating business options and growth opportunities. "While we will assess opportunities for the acquired mining assets to complement our existing operations, this acquisition is about more than simply continuing mining," Mr Lewis said. "It's about making responsible decisions for our people and the community through improved rehabilitation outcomes, regional development opportunities, and the potential for more diverse future land uses." "Securing land adjacent to our existing Rix's Creek Mine operations gives us the flexibility to better plan for future infrastructure, such as the proposed highway relocation to support our Rix's Creek North Continuation Project." Now, the handful of residents still living at Camberwell are rallying once again after the Bloomfield Group's acquisition of several strategic land and mining tenure assets from Yancoal last week. They include mining company-owned dwellings at Camberwell, as well as land and associated mining tenure for the previously proposed Ashton South East Open Cut project at Camberwell. Ashton Coal, a subsidiary of the Chinese-owned Yancoal, allowed the project's approval to lapse in October 2023. Central to its decision was the insurmountable opposition from former Camberwell resident Wendy Bowman. The NSW Court of Appeal ruled in 2015 that the mine could only proceed if Ms Bowman agreed to sell her land. Ms Bowman died in August 2023 aged 89. Bloomfield acquired her property for $9 million earlier this year. A Bloomfield spokesman said the company would assess opportunities for the mining assets it had just acquired from Yancoal to complement its existing operations. "Completion of the acquisition and any future development is subject to the usual regulatory process and approvals," he said. The spokesman said the company had no plans to change the existing arrangements for the properties it had acquired in Camberwell. Deidre Olofsson, a close friend of Ms Bowman, has lived in Camberwell for 39 years, She said he had "no doubt" the South East Open Cut project would be revived. "We are not stupid; they paid $9 million for Wendy's place and it is not worth anything near that," she said. Ms Olofsson, who has recently invested in upgrading her property, said she feared pressure would increase on the village's residents to get out. "Our village has been traded like something on the stock market. It's disgraceful," she said. "We have fought so hard to save this village and now it's all on again. They are destroying people's mental health and we have no recourse." Bloomfield's agreement with Yancoal also includes the area of the Donaldson open-cut and Abel underground mines, located east of Maitland and adjacent to The Bloomfield Group's Bloomfield Colliery. Under the agreement, The Bloomfield Group will assume responsibility for the rehabilitation of both the Donaldson and Abel mine sites. The agreement also includes land, dwellings, and associated mining tenure in the Upper Hunter, adjacent to The Bloomfield Group's Rix's Creek Mine. The arrangement involves the balanced exchange of particular assets and obligations and does not include a cash payment. Bloomfield Group chief executive Brett Lewis said the acquisition aligns with the company's strategy of investing to ensure stability for existing operations, while also creating business options and growth opportunities. "While we will assess opportunities for the acquired mining assets to complement our existing operations, this acquisition is about more than simply continuing mining," Mr Lewis said. "It's about making responsible decisions for our people and the community through improved rehabilitation outcomes, regional development opportunities, and the potential for more diverse future land uses." "Securing land adjacent to our existing Rix's Creek Mine operations gives us the flexibility to better plan for future infrastructure, such as the proposed highway relocation to support our Rix's Creek North Continuation Project."
The Advertiser
5 days ago
- Business
- The Advertiser
Bloomfield's buying spree continues, as it buys land and mining tenure from Yancoal
Hunter-based Australian coal mining company, the Bloomfield Group's buying spree continues with the announcement that they have signed an agreement to acquire land and an associated mining tenure from Yancoal. This latest purchase follows their acquisition of the home of the late Wendy Bowman, 'Rosedale' at Camberwell, in February this year for $9 million and their purchase in July of the now closed Integra underground mine near Singleton from Glencore. A number of dwellings in the village Camberwell, near Singleton as well as land and an associated mining tenure for the previously proposed Ashton South East Open Cut project (for which the approval has lapsed), are included in the agreement. Comment has been sought from the Bloomfield Group on the latest purchases, in particular the mining tenure that covers 'Rosesdale', where Yancoal had planned to establish an open-cut mine adjacent to Glennies Creek. It was the Ashton South East Coal Project that brought Mrs Bowman to national and international prominence as an environmental campaigner. She campaigned for decades against the mining of agricultural land in the Hunter Valley establishing Mine Watch in 1991. But it was her decision to fight to protect 'Rosedale' and the nearby Glennies Creek from the proposed Ashton East Open Cut Coal Mine that brought her to national and international prominence as an environmental campaigner. She was involved in a landmark court decision in 2014 against Yancoal's Ashton South East open-cut mine proposal. The decision required the mine to buy her property, Rosedale, to proceed. She refused to sell her property to Yancoal, and which stalled the mine, and its mining licence would eventually lapse in April 2022. Mrs Bowman died in August 2023. Her close friend and fierce supporter and neighbour Deidre Olofsson described the latest news regarding Camberwell and the 'Rosedale' property as devastating. "It marks the end of the village and the harm it will do to Glennies Creek, a major tributary to the Hunter River and the source of water for the vineyards and irrigators below Singleton will be massive," she said. "It is just heartbreaking to see the proposal Wendy and all of us fought so hard to stop may be back again." In a statement to the community, Bloomfield Group said the acquisition aligns with our strategy of investing to deliver stability for our existing operations, while at the same time providing business options and growth opportunities for the future. Securing land adjacent to our existing Rix's Creek Mine operations gives us the flexibility to better plan for future infrastructure, such as the proposed highway relocation to support our Rix's Creek North Continuation Project, they said. The agreement with Yancoal also includes the area of the Donaldson open-cut and Abel underground mines, located east of Maitland and adjacent to The Bloomfield Group's Bloomfield Colliery. Under the agreement, The Bloomfield Group assumes responsibility for the rehabilitation of both the Donaldson and Abel mine sites. The acquisition aligns with our strategy of investing to deliver stability for our existing operations, while at the same time providing business options and growth opportunities for the future. We are also actively exploring future land uses and the necessary approval pathways across all of our Lower Hunter land holdings, including at our Bloomfield Colliery site, where opportunities for industrial precincts and housing aligned with regional planning strategies have been identified, they said. Acquisition of the land includes the current relevant mining tenure associated with each site, such as permits, leases, and licences. Completion of the acquisition is subject to the usual regulatory approvals required for a transaction of this kind. Comment has been sought from Yancoal on the sale of their assets to the Blooomfield Group. Hunter-based Australian coal mining company, the Bloomfield Group's buying spree continues with the announcement that they have signed an agreement to acquire land and an associated mining tenure from Yancoal. This latest purchase follows their acquisition of the home of the late Wendy Bowman, 'Rosedale' at Camberwell, in February this year for $9 million and their purchase in July of the now closed Integra underground mine near Singleton from Glencore. A number of dwellings in the village Camberwell, near Singleton as well as land and an associated mining tenure for the previously proposed Ashton South East Open Cut project (for which the approval has lapsed), are included in the agreement. Comment has been sought from the Bloomfield Group on the latest purchases, in particular the mining tenure that covers 'Rosesdale', where Yancoal had planned to establish an open-cut mine adjacent to Glennies Creek. It was the Ashton South East Coal Project that brought Mrs Bowman to national and international prominence as an environmental campaigner. She campaigned for decades against the mining of agricultural land in the Hunter Valley establishing Mine Watch in 1991. But it was her decision to fight to protect 'Rosedale' and the nearby Glennies Creek from the proposed Ashton East Open Cut Coal Mine that brought her to national and international prominence as an environmental campaigner. She was involved in a landmark court decision in 2014 against Yancoal's Ashton South East open-cut mine proposal. The decision required the mine to buy her property, Rosedale, to proceed. She refused to sell her property to Yancoal, and which stalled the mine, and its mining licence would eventually lapse in April 2022. Mrs Bowman died in August 2023. Her close friend and fierce supporter and neighbour Deidre Olofsson described the latest news regarding Camberwell and the 'Rosedale' property as devastating. "It marks the end of the village and the harm it will do to Glennies Creek, a major tributary to the Hunter River and the source of water for the vineyards and irrigators below Singleton will be massive," she said. "It is just heartbreaking to see the proposal Wendy and all of us fought so hard to stop may be back again." In a statement to the community, Bloomfield Group said the acquisition aligns with our strategy of investing to deliver stability for our existing operations, while at the same time providing business options and growth opportunities for the future. Securing land adjacent to our existing Rix's Creek Mine operations gives us the flexibility to better plan for future infrastructure, such as the proposed highway relocation to support our Rix's Creek North Continuation Project, they said. The agreement with Yancoal also includes the area of the Donaldson open-cut and Abel underground mines, located east of Maitland and adjacent to The Bloomfield Group's Bloomfield Colliery. Under the agreement, The Bloomfield Group assumes responsibility for the rehabilitation of both the Donaldson and Abel mine sites. The acquisition aligns with our strategy of investing to deliver stability for our existing operations, while at the same time providing business options and growth opportunities for the future. We are also actively exploring future land uses and the necessary approval pathways across all of our Lower Hunter land holdings, including at our Bloomfield Colliery site, where opportunities for industrial precincts and housing aligned with regional planning strategies have been identified, they said. Acquisition of the land includes the current relevant mining tenure associated with each site, such as permits, leases, and licences. Completion of the acquisition is subject to the usual regulatory approvals required for a transaction of this kind. Comment has been sought from Yancoal on the sale of their assets to the Blooomfield Group. Hunter-based Australian coal mining company, the Bloomfield Group's buying spree continues with the announcement that they have signed an agreement to acquire land and an associated mining tenure from Yancoal. This latest purchase follows their acquisition of the home of the late Wendy Bowman, 'Rosedale' at Camberwell, in February this year for $9 million and their purchase in July of the now closed Integra underground mine near Singleton from Glencore. A number of dwellings in the village Camberwell, near Singleton as well as land and an associated mining tenure for the previously proposed Ashton South East Open Cut project (for which the approval has lapsed), are included in the agreement. Comment has been sought from the Bloomfield Group on the latest purchases, in particular the mining tenure that covers 'Rosesdale', where Yancoal had planned to establish an open-cut mine adjacent to Glennies Creek. It was the Ashton South East Coal Project that brought Mrs Bowman to national and international prominence as an environmental campaigner. She campaigned for decades against the mining of agricultural land in the Hunter Valley establishing Mine Watch in 1991. But it was her decision to fight to protect 'Rosedale' and the nearby Glennies Creek from the proposed Ashton East Open Cut Coal Mine that brought her to national and international prominence as an environmental campaigner. She was involved in a landmark court decision in 2014 against Yancoal's Ashton South East open-cut mine proposal. The decision required the mine to buy her property, Rosedale, to proceed. She refused to sell her property to Yancoal, and which stalled the mine, and its mining licence would eventually lapse in April 2022. Mrs Bowman died in August 2023. Her close friend and fierce supporter and neighbour Deidre Olofsson described the latest news regarding Camberwell and the 'Rosedale' property as devastating. "It marks the end of the village and the harm it will do to Glennies Creek, a major tributary to the Hunter River and the source of water for the vineyards and irrigators below Singleton will be massive," she said. "It is just heartbreaking to see the proposal Wendy and all of us fought so hard to stop may be back again." In a statement to the community, Bloomfield Group said the acquisition aligns with our strategy of investing to deliver stability for our existing operations, while at the same time providing business options and growth opportunities for the future. Securing land adjacent to our existing Rix's Creek Mine operations gives us the flexibility to better plan for future infrastructure, such as the proposed highway relocation to support our Rix's Creek North Continuation Project, they said. The agreement with Yancoal also includes the area of the Donaldson open-cut and Abel underground mines, located east of Maitland and adjacent to The Bloomfield Group's Bloomfield Colliery. Under the agreement, The Bloomfield Group assumes responsibility for the rehabilitation of both the Donaldson and Abel mine sites. The acquisition aligns with our strategy of investing to deliver stability for our existing operations, while at the same time providing business options and growth opportunities for the future. We are also actively exploring future land uses and the necessary approval pathways across all of our Lower Hunter land holdings, including at our Bloomfield Colliery site, where opportunities for industrial precincts and housing aligned with regional planning strategies have been identified, they said. Acquisition of the land includes the current relevant mining tenure associated with each site, such as permits, leases, and licences. Completion of the acquisition is subject to the usual regulatory approvals required for a transaction of this kind. Comment has been sought from Yancoal on the sale of their assets to the Blooomfield Group. Hunter-based Australian coal mining company, the Bloomfield Group's buying spree continues with the announcement that they have signed an agreement to acquire land and an associated mining tenure from Yancoal. This latest purchase follows their acquisition of the home of the late Wendy Bowman, 'Rosedale' at Camberwell, in February this year for $9 million and their purchase in July of the now closed Integra underground mine near Singleton from Glencore. A number of dwellings in the village Camberwell, near Singleton as well as land and an associated mining tenure for the previously proposed Ashton South East Open Cut project (for which the approval has lapsed), are included in the agreement. Comment has been sought from the Bloomfield Group on the latest purchases, in particular the mining tenure that covers 'Rosesdale', where Yancoal had planned to establish an open-cut mine adjacent to Glennies Creek. It was the Ashton South East Coal Project that brought Mrs Bowman to national and international prominence as an environmental campaigner. She campaigned for decades against the mining of agricultural land in the Hunter Valley establishing Mine Watch in 1991. But it was her decision to fight to protect 'Rosedale' and the nearby Glennies Creek from the proposed Ashton East Open Cut Coal Mine that brought her to national and international prominence as an environmental campaigner. She was involved in a landmark court decision in 2014 against Yancoal's Ashton South East open-cut mine proposal. The decision required the mine to buy her property, Rosedale, to proceed. She refused to sell her property to Yancoal, and which stalled the mine, and its mining licence would eventually lapse in April 2022. Mrs Bowman died in August 2023. Her close friend and fierce supporter and neighbour Deidre Olofsson described the latest news regarding Camberwell and the 'Rosedale' property as devastating. "It marks the end of the village and the harm it will do to Glennies Creek, a major tributary to the Hunter River and the source of water for the vineyards and irrigators below Singleton will be massive," she said. "It is just heartbreaking to see the proposal Wendy and all of us fought so hard to stop may be back again." In a statement to the community, Bloomfield Group said the acquisition aligns with our strategy of investing to deliver stability for our existing operations, while at the same time providing business options and growth opportunities for the future. Securing land adjacent to our existing Rix's Creek Mine operations gives us the flexibility to better plan for future infrastructure, such as the proposed highway relocation to support our Rix's Creek North Continuation Project, they said. The agreement with Yancoal also includes the area of the Donaldson open-cut and Abel underground mines, located east of Maitland and adjacent to The Bloomfield Group's Bloomfield Colliery. Under the agreement, The Bloomfield Group assumes responsibility for the rehabilitation of both the Donaldson and Abel mine sites. The acquisition aligns with our strategy of investing to deliver stability for our existing operations, while at the same time providing business options and growth opportunities for the future. We are also actively exploring future land uses and the necessary approval pathways across all of our Lower Hunter land holdings, including at our Bloomfield Colliery site, where opportunities for industrial precincts and housing aligned with regional planning strategies have been identified, they said. Acquisition of the land includes the current relevant mining tenure associated with each site, such as permits, leases, and licences. Completion of the acquisition is subject to the usual regulatory approvals required for a transaction of this kind. Comment has been sought from Yancoal on the sale of their assets to the Blooomfield Group.
AU Financial Review
23-06-2025
- Business
- AU Financial Review
Tributes flow for late mining boss Reinhold Schmidt
'Project Monkey King' was the official codename for the defining transaction of Reinhold Schmidt's executive career, but among trusted advisers, the former Yancoal chief executive had a different name for it; 'Project Let's F--- Them Up'. It was a rallying cry that spoke to Yancoal's rank outsider status in the multi-billion-dollar bidding war for Rio Tinto's best NSW coal mines in 2016.
Yahoo
22-06-2025
- Business
- Yahoo
Private companies own 33% of Yancoal Australia Ltd (ASX:YAL) shares but retail investors control 59% of the company
The considerable ownership by retail investors in Yancoal Australia indicates that they collectively have a greater say in management and business strategy A total of 25 investors have a majority stake in the company with 40% ownership Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. To get a sense of who is truly in control of Yancoal Australia Ltd (ASX:YAL), it is important to understand the ownership structure of the business. With 59% stake, retail investors possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk). Private companies, on the other hand, account for 33% of the company's stockholders. Let's take a closer look to see what the different types of shareholders can tell us about Yancoal Australia. Check out our latest analysis for Yancoal Australia Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. Yancoal Australia already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Yancoal Australia, (below). Of course, keep in mind that there are other factors to consider, too. We note that hedge funds don't have a meaningful investment in Yancoal Australia. The company's largest shareholder is Shandong Energy Group Co., Ltd., with ownership of 24%. With 7.7% and 1.5% of the shares outstanding respectively, Cinda International HGB Investment (UK) Limited and The Vanguard Group, Inc. are the second and third largest shareholders. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our most recent data indicates that insiders own less than 1% of Yancoal Australia Ltd. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Keep in mind that it's a big company, and the insiders own AU$44m worth of shares. The absolute value might be more important than the proportional share. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying. The general public, who are usually individual investors, hold a substantial 59% stake in Yancoal Australia, suggesting it is a fairly popular stock. This size of ownership gives investors from the general public some collective power. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions. Our data indicates that Private Companies hold 33%, of the company's shares. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. It's always worth thinking about the different groups who own shares in a company. But to understand Yancoal Australia better, we need to consider many other factors. Take risks for example - Yancoal Australia has 2 warning signs (and 1 which doesn't sit too well with us) we think you should know about. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. — Investing narratives with Fair Values Vita Life Sciences Set for a 12.72% Revenue Growth While Tackling Operational Challenges By Robbo – Community Contributor Fair Value Estimated: A$2.42 · 0.1% Overvalued Vossloh rides a €500 billion wave to boost growth and earnings in the next decade By Chris1 – Community Contributor Fair Value Estimated: €78.41 · 0.1% Overvalued Intuitive Surgical Will Transform Healthcare with 12% Revenue Growth By Unike – Community Contributor Fair Value Estimated: $325.55 · 0.6% Undervalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Perth Now
18-06-2025
- Business
- Perth Now
Shares slip as markets prepare for Mideast escalation
Australia's share market is edging lower, following a slump on Wall Street amid concerns the United States will join Israel in its conflict with Iran. The S&P/ASX200 fell 12.2 points, or 0.14 per cent, to 8,529.1, as the broader All Ordinaries lost 13.7 points, or 0.15 per cent, to 8,758.1. The downswing followed a weak Wall Street session overnight, after US President Donald Trump called for Iran's "unconditional surrender" after days of air strikes between it and Israel and as America bolsters its military forces in the Middle East. "We know exactly where the so-call 'Supreme Leader' is hiding," Mr Trump told followers on Truth Social. "We are not going to take him out (kill!), at least not for now." US equities fell and and bonds rallied overnight as global investors prepared for an escalation of the conflict, Moomoo market strategist Jessica Amir said. "Hang Seng and Nikkei futures are pointing to opening drops that echo US moves, while China and Australia may see less short-term impact," she said. As air strikes between Iran and Israel continued, oil prices again surged to four-month highs, sending local energy stocks one per cent higher. Brent crude futures are trading at $US75.10 a barrel, while their West Texas equivalent trades at $US74.61 a barrel. Prices for natural gas and coal also hit multi-month highs, helping send Beach Energy, Yancoal and Ampol more than three per cent higher, the best performers of the top 200. Large cap miners weighed on the bourse, sending the materials sector down 1.4 per cent as iron ore prices slipped to their lowest level since September 2024. The commodity's price has been grinding lower all week against a backdrop of strong ore production and a reduction in steel output from mills in China in May. Fortescue plummeted more than four per cent, as BHP lost 1.3 per cent and Rio Tinto slipped 0.4 per cent. Gold prices have been relatively subdued despite the broader return to risk-off sentiment, with futures consolidating around $US3,400 ($A5,245) an ounce, easing since Tuesday's ASX close and weighing on local miners as the greenback pushed higher against the Aussie dollar. Australia's financial sector was trading just below flat and if the banks can catch a bid in the afternoon it could break a five-session losing streak. ANZ was faring the worst of the big four, down one per cent to $29.17, while CBA was their best performer, up 0.2 per cent to $179.44 per share. Surprisingly, Australia's IT sector shrugged off the broader risk sentiment, up 1.2 per cent, tracking with a lift in Nasdaq futures, which point to a rebound for the tech-heavy US index after it lost 0.9 per cent overnight. Logistics technology provider WiseTech Global was a clear winner, up 2.4 per cent to $109.95, while accounting software Xero and software-as-a-service provider TechnologyOne both gained more than 1.3 per cent each. Utilities was again the worst performing sector, down 0.7 per cent and handing back gains for a third straight session after rallying more than four per cent on Friday. The Australian dollar is buying 64.84 US cents, down from 65.38 US cents on Tuesday at 5pm.
