Based on past performances , I would not expect NHC to pay a dividend of more than 3c ps. Rather I would expect significant write downs to be effected. Any surplus cash flow used to pay down debt. If New Acland Mine hasn't already been written off, I would think this is the time. With OCAA cock a hoop that they will this time win in the Land Court , the value of New Acland is dubious . Acquisitions seem far from the minds of the Board members. A proactive Board might have used the current down turn in the price of coal mines to set NHC as the largest and most profitable coal operator in this region. With the likes of BHP and Peabody looking to exit, deals are ready to be done.
NHC Price at posting:
$1.33 Sentiment: Buy Disclosure: Not Held
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