The operating cashflows of around 300m are sufficient to pay a 10c annual div and reduce that debt by half. Even if a recession or slow down in the economy eventuates i think they are in a strong position to ride it out and maybe pick up some assets. Diversified assets across Aust and Nz like NEC has will also help if certain markets experience a slow down.
Ann: Change in substantial holding, page-18
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Last
$1.26 |
Change
-0.010(0.79%) |
Mkt cap ! $1.958B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.28 | $1.25 | $3.007M | 2.384M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 65277 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 77152 | 8 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| NEC (ASX) Chart |
