Average realised price was about $435 p/t for this last quarter.
this gives a realisation of about 85% of spot.
However, I can't forecast what realised price they got for the domestic sales, so this is likely the source of the lower average realised price. I would suspect they must be very close to getting close to 100% of spot considering domestic sales would have been at a lower price.
I would expect a lot of broker upgrades this afternoon. This is well ahead of consensus expectations.
EBITDA beat by about 200mil and production has beaten by about 5%. This will have a flow on effect for next years forecast as well.
I bought more shares today on the pullback.
NHC Price at posting:
$4.88 Sentiment: Buy Disclosure: Held
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