well you can never go broke taking a profit, but.......
Probably at the moment there is $3 per share of net receivables, cash & tax credits on the books
And 70% margins of sales for the next year.
For the 8 months till June 30th ~4.5mt (reduced output due to rain) x $400 (this is on the low side) = $1.8b, or $2 a share
It's not that it's great, but more - what else has such a underwhelming premium to the cash alone?
Ann: Dividend/Distribution - NHC, page-82
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Last
$4.25 |
Change
0.060(1.43%) |
Mkt cap ! $3.592B | |||
| Open | High | Low | Value | Volume |
| $4.22 | $4.30 | $4.21 | $20.51M | 4.817M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 227305 | $4.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.26 | 1174 | 1 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| NHC (ASX) Chart |