In a way yeah: he's saying because YAL and some others (probably US miners) are on this multiple then if others like NHC are on higher multiples then they should come down as well.
In reality it could but I think it won't come too far as NHC has positives YAL doesnt and YAL has other negatives as well. Depending on how you value those positives and negatives will affect how much premium you are willing to pay for it.
I own NHC for dividends in a dividend portfolio. I am reasonably confident management will concentrate on paying me dividends rather than expanding with too much risk. I like the incentives for management, I like the capital controls, I like the lower production cost, I like the low royalties for Acland. Thats worth me paying a premium for NHC.
I own WHC for growth in a growth portfolio. I think by FY27 they will have similar multiples or slightly better than YAN does at the moment but without the risk I feel YAN does.
Anyway regarding the odds I think it's possible NHC will come down further over the next 5 months or so but not as far as $3.5. Im dollar cost averaging on the way down both NHC and WHC and if it doesn't then there are some other bargains out there
In a way yeah: he's saying because YAL and some others (probably...
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Last
$7.69 |
Change
0.120(1.59%) |
Mkt cap ! $6.433B | |||
| Open | High | Low | Value | Volume |
| $7.56 | $7.71 | $7.52 | $39.66M | 5.184M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12500 | $7.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.70 | 52480 | 6 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$7.69 |
Change
0.120 ( 1.24 %) |
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| Open | High | Low | Volume | ||
| $7.55 | $7.71 | $7.52 | 1167402 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| WHC (ASX) Chart |