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i bet SOL will be smiling about that
( i hold SOL and NHC )
( i hold SOL and NHC )
NHC - New Hope Corporation
- Thread starter laurie
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Dona Ferentes
A little bit OC⚡DC
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King coal:
Remarkable lift in dividend
Full year earnings saw New Hope report a fully franked final dividend of 31 cents a share and a special one off payment of 25 cents a share.
Combined, dividends from the two halves represent a whopping 700% year over year increase from last year’s 7 cent final dividend. New Hope paid an interim of 30 cents a share (17 cents ordinary and a 13 cents per share one off special), meaning a total payout to shareholders for the year of 86 cents a share
Remarkable lift in dividend
Full year earnings saw New Hope report a fully franked final dividend of 31 cents a share and a special one off payment of 25 cents a share.
Combined, dividends from the two halves represent a whopping 700% year over year increase from last year’s 7 cent final dividend. New Hope paid an interim of 30 cents a share (17 cents ordinary and a 13 cents per share one off special), meaning a total payout to shareholders for the year of 86 cents a share
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yes it was certainly a risk taken ( buying in and averaging down ) that ended nicely , although the WHC buying has done much better , so far
Good Afternoon
The Queensland government has granted New Hope's New Acland Mine Stage 3 an Associated Water Licence.
The grant of the licence by the Department of Regional Development, Manufacturing and Water follows the Land Court process, the Coordinator General’s extensive consultation process, and the separate independent assessments by two departments.
New Hope now holds all the primary approvals required to enable resumption of mining operations at the New Acland Mine.
Chairman Robert Millner says the grant of the New Acland Mine Stage 3 licence was a defining moment for the company.
"New Hope and the local communities around Acland and Oakey are celebrating that New Hope can now re-start the New Acland mine where there has been mining activity for over 100 years,” Mr Millner says.
Info published in News Corp media outlets 20 odd minutes ago.
Market had yet to know about water license or if it did was non the wiser. Interesting where it goes tomorrow.
NHC - 52 week SP high on Tuesday.
Have a very nice night.
Kind regards
rcw1
The Queensland government has granted New Hope's New Acland Mine Stage 3 an Associated Water Licence.
The grant of the licence by the Department of Regional Development, Manufacturing and Water follows the Land Court process, the Coordinator General’s extensive consultation process, and the separate independent assessments by two departments.
New Hope now holds all the primary approvals required to enable resumption of mining operations at the New Acland Mine.
Chairman Robert Millner says the grant of the New Acland Mine Stage 3 licence was a defining moment for the company.
"New Hope and the local communities around Acland and Oakey are celebrating that New Hope can now re-start the New Acland mine where there has been mining activity for over 100 years,” Mr Millner says.
Info published in News Corp media outlets 20 odd minutes ago.
Market had yet to know about water license or if it did was non the wiser. Interesting where it goes tomorrow.
NHC - 52 week SP high on Tuesday.
Have a very nice night.
Kind regards
rcw1
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New Hope is already moving it's HQ south ( or has completed the move )
don't hold your breath ( about QLD )
i hold NHC ( and live in QLD )
expect Alphabet soup to hurriedly expect Acland 3 to be in full production when she realizes the Australian/Queensland economy is collapsing and there is a global energy problem ( and QLD is losing royalty income )
also watch AZJ for a secondary indicator
cheers
the price lift is ego-boosting but have held NHC for years , i have been carefully accumulating ( 'averaging down ' ) since, April 2013
don't hold your breath ( about QLD )
i hold NHC ( and live in QLD )
expect Alphabet soup to hurriedly expect Acland 3 to be in full production when she realizes the Australian/Queensland economy is collapsing and there is a global energy problem ( and QLD is losing royalty income )
also watch AZJ for a secondary indicator
cheers
the price lift is ego-boosting but have held NHC for years , i have been carefully accumulating ( 'averaging down ' ) since, April 2013
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fancy trying to run your economy on a Smug System that relies on the internet/real time communications
Hello divs4ever
i hold NHC
the price lift is ego-boosting but have held NHC for years , i have been carefully accumulating ( 'averaging down ' ) since, April 2013
rcw1: Nice work, 100%
and live in QLD )
rcw1: Its no wonder then why rcw1 likes you
also watch AZJ for a secondary indicator
yes thanks for that.
rcw1 not holding just right now ...
Have a very nice weekend.
Kind regards
rcw1
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watch your cash , and keep an eye on NHC's oil assets ( Bridgeport Energy )
and have a safe weekend yourself
cheers
and have a safe weekend yourself
cheers
Good afternoon
Buy back announcement 3/11/22. SP done good until today. SP down 7.13%. Most bold of it.
Have a very nice day.
Kind regards
rcw1
Buy back announcement 3/11/22. SP done good until today. SP down 7.13%. Most bold of it.
- ASX 200-listed energy company New Hope Corporation (NHC) is set to buy back up to $300 million worth of ordinary shares on the market
- The buy-back is set to begin on or around November 17 and will be completed within 12 months
- It follows New Hope’s record earnings of $1.57 billion for the full year ending July 31, 2022
- NHC’s board believes the company’s current share price doesn’t accurately reflect the value of its assets, and the buy-back will allow it to enhance the value of its shares
Have a very nice day.
Kind regards
rcw1
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i do hold and banked a very nice did. today ( courtesy of New Hope )
will probably not participate in the buy-back , but MIGHT reduce the holding at a later date
interesting times during the created energy crisis
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decisions , decisions , where does one take profit here ??
especially in the face of potential higher divs. ( for the short-term )
wait for $7 and reassess , perhaps ??
take care , these are unusual times ( i will probably keep SOME NHC , but all or say 60% )
especially in the face of potential higher divs. ( for the short-term )
wait for $7 and reassess , perhaps ??
take care , these are unusual times ( i will probably keep SOME NHC , but all or say 60% )
Good afternoon
1/4erly published today (24/11/22)
Record thermal coal prices delivered a 167 per cent boost to New Hope Corporation's first quarter underlying earnings with the group expecting high-demand commodity will remain "well above historical averages" amid ongoing geopolitical uncertainty.
Underlying earnings before interest, taxes, depreciation and amortisation totalled $648m, up from the $242.5m in the prior corresponding period. But that boost came despite a fall in quarterly production due to further significant wet weather and flooding events as well as labour shortages.
"At the start of the quarter, we were seeing exceptionally high prices as the northern hemisphere started restocking for winter," he said. "Price has since come off slightly due to the warmer winter currently being experienced, but we do expect prices to remain stable, or increase as Europe moves into the middle of winter".
Not holding.
Have a very nice day.
Kind regards
rcw1
1/4erly published today (24/11/22)
Record thermal coal prices delivered a 167 per cent boost to New Hope Corporation's first quarter underlying earnings with the group expecting high-demand commodity will remain "well above historical averages" amid ongoing geopolitical uncertainty.
Underlying earnings before interest, taxes, depreciation and amortisation totalled $648m, up from the $242.5m in the prior corresponding period. But that boost came despite a fall in quarterly production due to further significant wet weather and flooding events as well as labour shortages.
"At the start of the quarter, we were seeing exceptionally high prices as the northern hemisphere started restocking for winter," he said. "Price has since come off slightly due to the warmer winter currently being experienced, but we do expect prices to remain stable, or increase as Europe moves into the middle of winter".
Not holding.
Have a very nice day.
Kind regards
rcw1
One of my picks in the comp.
Positives-
As far as the comp goes, Ackland 3 coming on line along with a share buyback to support the price are positives, while the divie payout takes away some value to the price.
In the real world, very happy with the div, but as divs4ever mentioned above, timing an exit, if required, could be difficult.
Positives-
- Just received final approval for Ackland 3, it was a 10yr+ process and will increase production, possibly by 50%. Mining Ackland3 should begin Mid this CY with a FOB cash cost of AU$91.
- Convertible note and share buyback.
- Solid divie
- Company holds plenty of Franking credits and cash.
- You never know what governments will do in the coal space.
As far as the comp goes, Ackland 3 coming on line along with a share buyback to support the price are positives, while the divie payout takes away some value to the price.
In the real world, very happy with the div, but as divs4ever mentioned above, timing an exit, if required, could be difficult.
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Both WHC and NHC fell heavily yesterday , I own both.
Did I miss anything? Another green washing act from our gov or some release?
Did I miss anything? Another green washing act from our gov or some release?
Coal futures down, down again last night by near 10% too.
I’ve offloaded my other coal miner, but will hold NHC for better or worse
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Being attacked on all sides, eventually something has to give, usually shareholder confidence.
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attacked enough to tempt me to add extra shares ??
i won't be holding my breath ( but will keep glancing at both just in case )
Good morning
Re: NHC
New Corp Article published today 12/02/23
It never ends …
COAL MINE PROJECT HITS GREEN HURDLE
Michael Madigan
THE operators of a Queensland coal mine fear huge job losses are on the horizon as a 16-year approval process which appeared to be finalised last year hits another stumbling block.
New Hope, owner of the New Acland Coal Mine, has been hiring workers – many on six-figure salaries – at the site near Toowoomba since late last year and anticipates 100 will be at work by next month. But management fears the resurgence of mine activity which began after the state government approved the mine’s crucial water licence last October will soon grind to a halt after protesters, the Oakey Coal Action Alliance and Lock The Gate, requested that the government conduct an internal review of the granting of the water licence.
“We strongly believe, based on the expert evidence we have submitted, that the Queensland Water Department has made a shocking error of judgement by granting an Associated Water Licence to New Acland,” Coal Alliance secretary Paul King said.
New Hope management now fears the matter could return to the Land Court, where the issue could stagnate as green “lawfare’’ over the mine resumes.
“The Queensland government has scrutinised, critically assessed and approved New Acland (State 3),” a New Hope Group spokesman said.
“Green lawfare activists including Oakey Coal Action Alliance and Lock the Gate supported by the taxpayer-funded Environmental Defenders Office request-ed the internal review and will continue to oppose New Acland Stage 3 indefinitely and attempt to take the project back to the Land Court for the fourth time.”
Queensland Resources Council boss Ian Macfarlane said the approvals process had to have some end point.
“After taking more than a decade to finally approve the New Acland Stage 3 mine expansion, the Queensland government should be doing whatever it can to ensure the project now proceeds as quickly and smoothly as possible,” he said.
The QRC has already backed giving the mine “Prescribed Project” status, which would smooth the project’s path through the bureaucracy, but believes it is too far down the road for that classification to now be applicable.
“People have been responding enthusiastically to the permanent jobs being advertised, which is great news for the Oakey community and Darling Downs region,” Mr Macfarlane said.
“Any ongoing uncertainty around this project needs to be put to bed by the government so local people can feel confident about their future after so many years of uncertainty.”
The government says the internal review of the water licence matter should be completed by late March.
Not holding
Have regularly traded past 12 months
Have a very nice Sunday.
Kind regards
rcw1
