NHC 2.22% $5.07 new hope corporation limited

Hmm. Current coal prices are still high. So dropping still aint...

  1. 479 Posts.
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    Hmm. Current coal prices are still high. So dropping still aint justified. Waiting for share buyback to begin taking effect. At 5.50$, i assume 55 million shares bought back. Current shares approx 878.5 million so left with say 823 million. At current company valuation, it would support price of $5.94 (assuming coal prices remain similar). This is very simplistic calcs. Any thoughts or different opinions? Understand additional production and sell would increase revenue so there would be a delta from that.

    https://hotcopper.com.au/data/attachments/4823/4823645-0677861f1f122e7b81628ac437c9f6f9.jpg

 
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