The reason I hold NHC is because of the outstanding dividend stream but it does face a number of headwinds such as, political / community toxicity surrounding fossil fuels and the associated risks that arises such as banks refusing to lend, super fund virtual signalling by refusing to invest (ignoring their charter of best returns for their members), huge environmentally restrictive legal risks - how long did the mine expansion approval process take? etc.
As you correctly point out NHC fundamentals are outstanding - super cash flows, product that has long term high demand due to its comparative low carbon emissions, strong management, excellent return on capital, long life asset etc. Unfortunately it sells an irrationally ideologically hated product.
So I’m going to keep buying away at the lows - provided I have some detailed understanding why it’s dropped, which I don’t at the moment, and enjoy the dividend stream. 30c in the bank next week!
NHC Price at posting:
$5.43 Sentiment: Buy Disclosure: Held
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.
(20min delay)