Technical -SP is still increasing (since ~$3.10) since after Nov-Feb. Long period of increasing SP suggested real fundamental reasons behind the driving force -increasing vol since sept may suggest short term buying for dividends -intra-day volatility is low (~2%) suggesting NHC is not a day trader's type of stock -conclusion: may retrace a little on ex-divi date. If I was a gamble person, say 4% (or double normal daily volatility rate)
Fundamentally: -long term driver is always the management. So far management has made all the right decisions: -investment in Arrow -expanding coal port handling facility -restarting and expanding coal productions to satisfy overseas demands
Future SP drivers -PGS investment -coal to synthetic fuel -coal price (UBS last week increase its price prediction) -Asian economies (predictions for 3-5% in the immediate future)
Personally I would accumulate on retracement on ex-divi date (if look over done)
NHC Price at posting:
$5.77 Sentiment: LT Buy Disclosure: Held
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