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0.44%

$4.52 new hope corporation limited

Dividends = 0.000000001% chance

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LeonLevy

1,881 Posts.

223

27/06/21

15:41

Post #: 54101466
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Originally posted by sab8: ↑

Still reading the fine print of the CN offer.

"Standard anti-dilutive adjustments including Conversion Price adjustments for all dividends
paid by New Hope."

So what are directors anticipating for divs for the next 4.5 years ?

OK, we know the Conversion Price for 2026 is set at $2.10.
Let's assume that NHC pays divs between now and 2026 of 12c per year.
Seems very, very conservative given the current coal futures out till then.
DCF of those divs is 50c (4.5 years).
So the value of those shares today is $2.10 less 50c = $1.60.

So, from this maths, directors are expecting divs of only 11c - 12c per share per year for the next 5 years.
If they really thought that 20c divs per year was probable, then the CN's are the best investment on the market.

So we should temper our expectations on divs, starting right now.

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Dividends = 0.000000001% chance

NHC Price at posting: $1.70 Sentiment: Sell Disclosure: Held
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(20min delay)
Last $4.52		Change -0.020(0.44%)		Mkt cap ! $3.842B

Open	High	Low	Value	Volume
$4.57	$4.58	$4.51	$5.521M	1.218M

Buyers (Bids)

No.	Vol.	Price($)
51	31959	$4.52

Sellers (Offers)

Price($)	Vol.	No.
$4.53	48462	40

View Market Depth

No.	Vol.	Price($)
73	28616	4.520
24	38836	4.510
35	90470	4.500
13	35467	4.490
15	57860	4.480

Price($)	Vol.	No.
4.530	59436	47
4.540	50604	18
4.550	113788	24
4.560	125731	12
4.570	26204	12

Last trade - 15.58pm 30/04/2024 (20 minute delay)


Last $4.54			Change -0.020 ( 0.06 %)
Open	High		Low	Volume
$4.56	$4.58		$4.51	790629
Last updated 15.59pm 30/04/2024 ?

NHC (ASX) Chart