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Kumba

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Vince
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Kumba

Good news from board on Kumba. Long term again or is today's spike just a result of the interm results? Also nice cash dividend.

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Super Contributor

Re: Kumba

That fat dividend will be chased by yield chasers. I expect the price to go up even more.

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Super Contributor

Re: Kumba

careful of that div, it was higher than HEPS as they wanted to in a way pay back shareholders for the missed divs .. not sure I agree on that, but it does mean either HEPS must boom or div will fall in next set of results.

 

also cost per tonne up at $43 vs. $29 previously.

 

so yes good results but lots of buts

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