This is Extremely tightly held ie Top20 Hold 90%. Top Two hold some 70,maybe 80% This leads New Hope to not be so avidly followed like say MaCarthur etc.I don't think one can leverage Buy or Short New Hope.It lacks attractive Trading Action and I reckon that's EXCELLENT!!
yeah,it's "disappointing" the current pull back but i don't agree with a mere $5 broker valuation. if,If,IF NHC announces something "sexy" to spend their Billion$$$+ BankRoll[after Special Dividend]? well,this RBS mob's opinion will be totally irrelevant,reviewed,forgotten.I see possible $7ish on such news maybe even Post Divvie!!
Anyway,I'm in on 360ish Break Even and am antipating a post special div drop ex dividend date of approx $1 [to take in Franking Credit]However I don't see the New Hope Superior Management sitting on that Billion Buck$$ much longer. AGM/Annual Report Announcement that's called having Style!! just the W.Soul Pat preferred method.
NHC Price at posting:
$5.15 Sentiment: Buy Disclosure: Held
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