NHC 1.59% $4.66 new hope corporation limited

Acquisitions?, page-13

  1. 4,503 Posts.
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    Bit concerned that the china issue suggests they will not import coal after about 5 years. What price then - this changing asset value worries me as I thought that you would use cash to buy distressed and undervalued assets paying a premium does not seem logical especially as they dont have a majority stake and in fact they dont have the right to run the operation. Looks a bit like a tantrum because they cannot get the Ackland extension.

    Disappointed in that cash is like liquid gold in this market and yet they are paying a premium many large players are doing it tough why go and pay a premium?
 
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