Yes, $1b cash and equivalents at end of HY23 after paying FY22 final divi (56c totaling $490m) and FY22 tax.
And they made ~$1b in EBITDA for the HY23.
I am no expert, but attempted to determine what claims are on that cash:
- purchase of remaining Con Notes = ~$300m (from digging through various ASX Con Note announcements and the recent quarterly).
- share buy backs had totalled $30m but were paused, so are insignificant.
- FY23 tax (~$350m for the 1HY?) Probably only a fraction gets paid before FY23 end.
- NA3 startup was indicated to be between $150m and $300m (from memory). I assume this will be phased over the next year or so, therefore call it $50m for the HY23.
At recent quarterly NHC said
- "We continue to maintain a heavily sold forward sales book. "
and in FY22 annual report they had about 30% (from memory) of sales sold forward >12 months at US$405 per ton.
Milner presented recently (when was ~US$250) and said was surprised NEWC had stayed up so high for so long which suggests they would have been locking in that +US$350 to Kingdom come.
So NHC realised sales prices should not be dropping as fast as the futures suggest.
Therefore can expect another $1b EBITDA for 2HY with no Con Note claims.
Therefore IMHO they could probably pay $500m divi's for each of 1HY and 2HY which is similar to the previous 56c (neglecting the benefit that some have been bought back).
I see consensus forecasts has dps at 108c for the FY which is in the same ballbark. (A few months ago it was 140c)
Like I said, I am no expert and would welcome one to pick this apart to show me where I have erred.
AIMHO
- Forums
- ASX - By Stock
- NHC
- NHC Projected Half Yearly Dividend
NHC
new hope corporation limited
Add to My Watchlist
1.39%
!
$4.26

NHC Projected Half Yearly Dividend, page-8
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
$4.26 |
Change
-0.060(1.39%) |
Mkt cap ! $3.596B |
Open | High | Low | Value | Volume |
$4.30 | $4.34 | $4.24 | $5.926M | 1.384M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 2089 | $4.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.27 | 38412 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 6446 | 4.260 |
32 | 29771 | 4.250 |
15 | 35249 | 4.240 |
12 | 48483 | 4.230 |
13 | 83776 | 4.220 |
Price($) | Vol. | No. |
---|---|---|
4.270 | 37748 | 22 |
4.280 | 52202 | 15 |
4.290 | 46889 | 12 |
4.300 | 58702 | 15 |
4.310 | 127283 | 7 |
Last trade - 15.12pm 28/07/2025 (20 minute delay) ? |
Featured News
NHC (ASX) Chart |
The Watchlist
P.HOTC
HotCopper
Frazer Bourchier, Director, President and CEO
Frazer Bourchier
Director, President and CEO
SPONSORED BY The Market Online