Spot on. NST is foregoing huge additional profits because of its ill-advised hedging policy. That’s money which could be used to fund further development of the company’s business, or increase the dividends paid to shareholders, or both.
My disappointment is all the greater having listened to Stuart Tonkin’s staunch defence of NST’s hedging policy during yesterday’s conference call. I’m not sure what’s worse - shooting yourself in the foot (by virtue of their existing hedging policy) or arguing that it’s a great thing to be able to shoot yourself in the foot.
Spot on. NST is foregoing huge additional profits because of its...
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Last
$14.33 |
Change
-0.240(1.65%) |
Mkt cap ! $16.47B | |||
| Open | High | Low | Value | Volume |
| $14.58 | $14.69 | $14.32 | $54.59M | 3.795M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 667 | $14.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.35 | 10216 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$14.33 |
Change
-0.240 ( 2.12 %) |
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| Open | High | Low | Volume | ||
| $14.62 | $14.62 | $14.33 | 564535 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| NST (ASX) Chart |