7 stories mentioning ASX:NHCUpdated 43d ago
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New Hope (ASX:NHC) said JPMorgan Chase and its affiliates became a substantial holder of the company's stock on June 15, according to a Thursday filing with the Australian bourse.JPMorgan holds about 42.5 million New Hope shares, representing a voting power of 5.04%, per the filing.New Hope shares fell 2% in recent Thursday trade.
New Hope (ASX:NHC) exited the third quarter with reduced volume risk with sales of 3.2 million tonnes supported by the Bengalla operation running at an annualized production rate of 13.4 million tonnes and low costs of $74 per tonne free on board, according to a Tuesday Jefferies note.The company on Monday reported group run-of-mine coal production for the three months ended April of 4.3 million tonnes with an average realized sales price of AU$140.70 per tonne for the quarter.The investment firm noted that the company's earnings before interest, tax, depreciation, and amortization reached AU$132 million, outperforming Jefferies forecasts by 26%.Jefferies kept a hold rating on New Hope with a price target of AU$5.70.The company's shares fell 3% in recent Tuesday trade.
New Hope (ASX:NHC) said group run-of-mine coal production for the three months ended April totalled 4.3 million tonnes and group coal sales came in at 3.2 million tonnes for the quarter, according to a Monday Australian bourse filing.Its run-of-mine coal production for the quarter ended April 2025 was 4 million tonnes, and its group coal sales for the period were 2.7 million tonnes, according to a separate filing.It achieved an average realized sales price of AU$140.70 per tonne for the quarter ended April, compared with a price of AU$147.50 per tonne in the year-ago period.Its underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at AU$130.1 million for the quarter, compared with the underlying EBITDA of AU$155.2 million in the prior corresponding period.Its shares rose 1% in recent trading on Monday.
New Hope (ASX:NHC) received notice that JPMorgan Chase and its affiliates are no longer substantial holders of the company from April 22, according to a Monday filing with the Australian bourse.JPMorgan Chase and its affiliates became a substantial holder of the company on April 15, with a total voting power of 5.88%, an earlier filing showed.
New Hope (ASX:NHC) completed a AU$300 million issuance of 2.625% senior unsecured convertible notes due 2032 and the concurrent repurchase of AU$293.3 million of its existing 2029 convertible notes, according to a Thursday filing with the Australian bourse.The new notes are expected to be listed on the Singapore Exchange Securities Trading on or around Thursday, per the filing.The repurchased 2029 notes, which account for around 98% of the outstanding notes, will be cancelled under their terms, the filing said. The company also plans to redeem the remaining AU$6.7 million of notes at par plus accrued interest prior to maturity.
Here are the seven ASX-listed companies with the biggest losses on Friday.4D Medical (ASX:4DX): -5%, AU$6.08Evolution Mining (ASX:EVN): -4%, AU$13.30Whitehaven Coal (ASX:WHC): -3%, AU$8.13Alcoa (ASX:AAI): -3%, AU$96.50Westgold Resources (ASX:WGX): -3%, AU$6.25New Hope (ASX:NHC): -2%, AU$5.33Capricorn Metals (ASX:CMM): -2%, AU$11.53
New Hope (ASX:NHC) has priced AU$300 million of 2.625% senior unsecured convertible notes due 2032, convertible into ordinary shares at an initial price of AU$7.41, reflecting a 37.5% premium to the reference share price, according to a Thursday filing with the Australian bourse.The company also conducted a concurrent repurchase of AU$293.3 million of its 2029 convertible notes through a reverse book-build process, paying an average price of AU$113,700 per AU$100,000 principal amount for a total consideration of AU$333.5 million, per the filing.The net proceeds of around AU$294.2 million from the offering will primarily be used to finance the concurrent repurchase after deducting transaction costs, the filing said.The company will have around AU$6.7 million of its 2029 notes remaining outstanding after the transaction and intends to redeem them in accordance with their terms before maturity.Settlement for both the new issuance and the concurrent repurchase is expected around April 22, the filing added.The company's shares fell 1% in recent Thursday trade.
