I do not think they will have any issue servicing debt, the only debt they have is this Senior unsecured notes of $175M. This $175M is possibly two good quarters of profit. It is not maturing until April 2024 so they will make that and pay a growing dividend.
You have to remember although NPI pricing has come off a little it has not fallen over they will make the same or more this second half of year without a unforseen disaster.
As I read the annoucemnet they did not want to fill the $350M as they had no need to borrow that much, they have the cash or will generate the cash between now and settlement.
Great over reaction, however I do see the share price as currently fair at least until the next quarter announcement or full year announcement.
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- Ann: Completion of US$175M Offer of 6.5% Senior Unsecured Notes
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Last
97.5¢ |
Change
0.015(1.56%) |
Mkt cap ! $4.182B |
Open | High | Low | Value | Volume |
97.0¢ | 97.5¢ | 95.8¢ | $3.844M | 3.964M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1549 | 97.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
97.5¢ | 39762 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1549 | 0.970 |
3 | 46229 | 0.965 |
1 | 26850 | 0.960 |
4 | 386573 | 0.955 |
3 | 78988 | 0.950 |
Price($) | Vol. | No. |
---|---|---|
0.975 | 39762 | 7 |
0.980 | 610459 | 21 |
0.985 | 158802 | 4 |
0.990 | 402694 | 19 |
0.995 | 112268 | 9 |
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