At a glance some subscribers may have thought NHC plunged -9.5% yesterday but the stock traded ex-dividend 40c fully franked reducing the decline to just -0.9%. Overall a solid performance in our opinion considering coal exports through Newcastle have just endured their slowest first quarter since 2019 due to the combined hindrances of wet weather and ongoing labour shortages.
- We remain bullish towards the likes of coal producer NHC after its more than 30% correction.
MM remains bullish toward NHC
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