NHC 1.59% $4.66 new hope corporation limited

Bit concerned that the china issue suggests they will not import...

  1. 4,503 Posts.
    lightbulb Created with Sketch. 174
    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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