NHC 0.22% $4.52 new hope corporation limited

Slide 10 - "Focus on strengthening capital position to pursue...

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    Slide 10 - "Focus on strengthening capital position to pursue growth and transformational opportunities whilst rewarding shareholders with consistent dividends"

    Slide 11 - "Available liquidity of $565 million, made up of cash $425 million and undrawn debt $140 million".

    Interesting that they mention how much cash they have on hand directly after saying that they are lookin for transformational opportunities. Perhaps mt arthur is on the cards. With them moving the EX5500 excavator down to bengalla, if they dont really have much use for it at bengalla, it could easily be shifted across the road if they do.

    Interesting point about the net cash position too. It means their TRUE market cap for working out PE is actually without the cash on hand, so 425 million less. So its 1715M - 425M so: $1.29B. While probably heading towards 800 million after tax profit. (if prices remain)
    Last edited by FrugalSage: 21/09/21
 
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