I don't really like guessing at dividends, but would align with one of the above posters thoughts at around 30-35c for this one.
On the way up I sold around a third of my holding, with my final sale tranche close to the top. I've been buying back the shares I sold and over the last week have returned to my full previous holding in nhc.
I'm of the view that coal prices will continue to be high by historical standards due to the restrictions on supply side responses, for the next few years or until it becomes a lot easier to build new coal mines. I wouldn't want to predict a price range, I would simply suggest high on average prices until a normal supply side response is enabled. NHC's production will increase significantly in this environment. Possibly the biggest risk is sovereign risk, with governments seeming more prone to taking coal miners profits to attempt to repair their budgets.
NHC Price at posting:
$5.77 Sentiment: Buy Disclosure: Held
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