Can't see NST holding its share price, page-16

This thread is about NST being overvalued and not having the earnings to support its current SP. Not the QAN outlooks.

Following on from this I am always astounded when drawing dividend comparisons with their EKJV partner. From FY18 to now - total 100% franked dividends paid to shareholders are

• NST (SP $13.45) - $0.215
• TBR (SP $5.00) - $4.10

They are 2 stock at the polar opposite of the dividend spectrum. With TBR shareholders receiving x19 more than NST (or over 80% of its SP). Again the faithful will carry on about the reinvestment of capital being better used in the company to increase the SP. But if I am right and NST goes sub $6 on it's present earning that retort may soon evaporate.

Or the faithful will say that you can't draw comparisons between NST and TBR - last year BHP dividends yielded 10.3% v NSTs 1.41%

I'm not a hater of NST, but HC is not an adulation forum either. I simply cannot see the value in NSTs SP. Obviously many differ in this view as you post the virtues of the stock. Time will answer the question for all of us.