Its all about capex allocation when I look at it. I've marked all free cash from fy22 as spent on buy backs and divvies. This leaves the only the last half cash for spending on divvies and capex. Depending on how much capex cash is needed and what the earning forecasts into cy23 are looking like impacts the divvy. I'm being pretty conservative with that 8c and it's possible to be higher, but, again, I being conservative and assuming NHC will conserve cash this half due to market outlooks and hold back the divvy... which would hopefully mean that the full year divvy will be higher. My best case assumption on this next divvy is 20c, but I struggle with that much cash being handed back.
NHC Price at posting:
$5.61 Sentiment: Buy Disclosure: Held
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