NHC 1.90% $4.64 new hope corporation limited

afr street talk: citi upgrades nhc to a buy

  1. asf
    9,888 Posts.
    The link for AFR members:

    http://afr.com.au/Blogs/Opinion_Street%20Talk

    Main points:

    * Citi has upgraded NHC after NEC accepted NHC's offer
    * The broker has lifted the 12-month targetr to $5.60 from a previous $5.40, which, including the 3% dividend, implies a return of 18% this year
    * The purchase has the potential to make NHC a 15m tonne a year coking coal producer, which is 50% larger than it was previously
 
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