NFK norfolk group limited

Using the money allocated for dividends to eliminating debt,...

  1. 5,583 Posts.
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    Using the money allocated for dividends to eliminating debt, which is better moving forward as it'll reduce interest expense.

    Very nice result, they look to be on target to achieve eps of 14c per share for this financial year and at least 10% growth. Which appears better than most analyst forecasts of 12-13cps and 0-2% growth.

    One has to wonder if their is a distressed seller in NFK... to me it's unfathomable that anyone could sell these at around this price... what can one do, solid result = accumulate :)

 
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