Australia's largest stock trading and investment forum Australia's #1 stock forum

NHC

Click for more information

1.28%

$4.62 new hope corporation limited

“Famous last words. They'll probably go under tomorrow - lol!”...

First 10 Last

Share
Profile

Follow
Rick19

835 Posts.

418

16/09/24

20:24

Post #: 75699498
Share

Originally posted by jace.h ↑

That is an 'if'. They have raised around $250m in the last few years. There is no reason why equity doesn't tip in more to keep the party going.

But if it does, then Taurus are ahead of NHC in the debt stack. So Taurus take the first $77m, then NHC up to their $51m, and then Crocodile up to their $40m. If debt is all covered, then equity gets what's left.

NHC aren't charging - at current rates - around 14%, because there is nothing at risk. They're getting a 10% additional yield to bear the risk of BCB going under. As much as I thought BCB should've been long dead, it is still going. So as dire as things look for BCB - especially equity - it isn't that bad from a NHC debt - especially where they sit in the debt stack.

Famous last words. They'll probably go under tomorrow - lol!

FWIW: I hold NHC and don't care what happens with NHC's BCB debt. I've mentally impaired - note, I didn't say "I'm" - when doing my valuation. Any yield they get is a bonus.

Expand

“Famous last words. They'll probably go under tomorrow - lol!”

BCB in trading halt today. Their TH announcement reads ominously.
I wonder if NHC is involved in some way?

NHC Price at posting: $4.25 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

There are more pages in this discussion • 1 more message in this thread...

First 10 Last

Add NHC (ASX) to my watchlist

(20min delay)
Last $4.62		Change -0.060(1.28%)		Mkt cap ! $3.905B

Open	High	Low	Value	Volume
$4.67	$4.68	$4.58	$8.593M	1.857M

Buyers (Bids)

No.	Vol.	Price($)
3	13552	$4.60

Sellers (Offers)

Price($)	Vol.	No.
$4.64	4938	2

View Market Depth

No.	Vol.	Price($)
3	13552	4.600
4	22320	4.590
4	5973	4.580
4	6561	4.570
4	10810	4.560

Price($)	Vol.	No.
4.640	4938	2
4.650	5990	2
4.660	583	1
4.670	584	1
4.740	1000	1

Last trade - 16.10pm 12/11/2024 (20 minute delay)

NHC (ASX) Chart