Hagetaka a few reasons, the buy back for WHC doesn't appear to be doing much besides holding up the SP and once it runs out, that benefit will be gone. I knew NHC had bulk franking credits and like all coalies SHOULD have been making bulk dollars at the moment and they would either offer a cracking divy or follow suit with a buy back. The Div made more sense to me they would go that way given the number of frankin credits. YAL went with massive divy and the SP has done nothing but go up.
Do I like NHC better than NHC? not really, underground coal is my thing and my current plans are to ride out NHC to ex div date and jump back into WHC before their announcement on the 14th. They will be debt free and rolling in cash and all going well site wise (haven't heard anything bad lately) then should have positive news and a further SP increase. Saying that I have had a cracking few months and want to buy another commercial property and plan to use my NHC/WHC funds for that.
NHC Price at posting:
$3.52 Sentiment: Buy Disclosure: Held
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