The whole point of any company buying back its own stock is because the Board believes the business is undervalued by the market. IMO NHC is undervalued and being priced from an ESG perspective and not a financial perspective. If the Board is right and future dividend streams turn out to yield well above the market then long term holders are going to be much better off. In NHC case they have a significant SH in SOL and long term mining leases in NSW and QLD with major international customers who will buy coal for the long term. Of course not everyone wants to see coal companies successful but in the end it is Chinese, Indian and Japanese customers who dictate the coal market and not politicians in Canberra. The last time i looked Yancoal , a majority Chinese owned coal company is a major buyer of coal mines (eg ex BHP) in Australia. DYOR.
NHC Price at posting:
$5.26 Sentiment: Hold Disclosure: Held
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