NHC has announced their March Quarterly report. As per the report Av realised price for April is USD 325. May and June prices are even more elevated. Therefore confidence of achieving USD 325 for last quarter is very high. With estimated sale of 4.5 MT in last quarter, quarterly turnover will be more than A$ 2 billion and EBIDTA for one quarter will be close to A$ 1.5 billion. With zero debt and current buyback, you can estimate about possibly final dividend and another buyback as well.
Final dividend could be between 70 cents to A$ 1 and another buyback of close to A$ 600 million. This bullishness is due to likely elevated Sept quarterly report as well.
DYOR
WHC Price at posting:
$5.28 Sentiment: Buy Disclosure: Held
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