Why should Prickly sell? Just simply expressing his/her concern what the board is doing to a majority of individuals entitlement!
This article was written by a fund manger from the Intelligent Investor group, during the period when NHC and WHC were basically in unison with buybacks and rewarding their holders TheBad It seems laughable to complain about an interim dividend that’s a 30% fully franked yield on some of our purchases.
But Whitehaven Coal’s interim dividend was well short of what we were expecting with management seemingly keener than us on a huge share buyback. It was more of a bonus than the bonanza we’d predicted. We’d prefer the money in our hands as soon as possible lest management find something lousy to do with its expected $2bn cash hoard.
NHC Price at posting:
$3.62 Sentiment: Hold Disclosure: Held
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