NHC has now bounced over +20% from its low formed on the last day of May but we still believe the next +20% is likely to be on the upside – subscribers have asked MM several times if the coal sector could recover and we’ve stuck to our positive view, hopefully, this now proves on point – an estimated 31c fully franked dividend in a few months is likely to be already catching some yield-hungry investors attention, noting that they have already paid 40c fully franked earlier in the year.
- NHC has corrected deeper than we anticipated but we believe it’s now formed an important low.
MM remains long and bullish toward NHC and WHC
Add To Hit List
