My view is that they were probably looking to buy assets 6-9 months ago, and hence the convertible note issue. As you say, the commentary at the time suggested this was definitely the case.
However, with current high coal prices, I suspect price expectations of vendors have increased significantly and they are now less likely to make an acquisition as a result.
The Chairman buying shares a few weeks ago suggests to me that a material acquisition is off the table for a while.
Ann: Quarterly Activities Report, page-12
Add NHC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.02 |
Change
-0.240(4.56%) |
Mkt cap ! $4.243B | |||
| Open | High | Low | Value | Volume |
| $5.22 | $5.24 | $4.97 | $212.4M | 41.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 202980 | $5.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.03 | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| NHC (ASX) Chart |