So I have discovered they have no debt (which is really good).
Cash balance at Sep 20th was over $1.2b (including $500m of trade receivables). Expected cash balance of approx. $1.6b~ at the next quarterly results. Then we subtract the $300m for the buyback. This leaves us with a healthy amount of cash. Am I wrong to assume we might receive something in the midst of say $0.75c interim dividend (special dividend included)?
I am guessing that because we havent experienced the same amount of flooding here in QLD that they have in NSW that the production numbers could actually be better than WHC? Not better as in total numbers, but better in the sense of not missing guidance. Would anyone have any input?
NHC Price at posting:
$5.26 Sentiment: Buy Disclosure: Held
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