New Hope Can Step Up Returns Once Capex Program Ends -- Market Talk

Dow Jones

Mar 19

2319 GMT - Barrenjoey takes a more bullish view of coal miner New Hope's long-term dividend payout ratio. New Hope had A$620 million in cash and managed investment funds at the end of January. It also holds some A$300 million of convertible notes on its balance sheet. Barrenjoey says its cash pile should be enough to fund capex and debt repayments. "Once the capex program is complete and the put option is behind it, we suspect New Hope will look to reduce its cash balance, implying a step-up in returns," says analyst Glyn Lawcock. "As such we increase our long-term payout ratio to 80% (from 50%)." It expects New Hope will prioritize dividends over share buybacks. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 18, 2026 19:19 ET (23:19 GMT)

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New Hope had A$620 million in cash and managed investment funds at the end of January. It also holds some A$300 million of convertible notes on its balance sheet. Barrenjoey says its cash pile should be enough to fund capex and debt repayments. \"Once the capex program is complete and the put option is behind it, we suspect New Hope will look to reduce its cash balance, implying a step-up in returns,\" says analyst Glyn Lawcock. \"As such we increase our long-term payout ratio to 80% (from 50%).\" It expects New Hope will prioritize dividends over share buybacks. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 18, 2026 19:19 ET (23:19 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Hope Can Step Up Returns Once Capex Program Ends -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Hope Can Step Up Returns Once Capex Program Ends -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-19 07:19</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  2319 GMT - Barrenjoey takes a more bullish view of coal miner <a href=\"https://laohu8.com/S/NHPEF\">New Hope</a>'s long-term dividend payout ratio. New Hope had A$620 million in cash and managed investment funds at the end of January. It also holds some A$300 million of convertible notes on its balance sheet. Barrenjoey says its cash pile should be enough to fund capex and debt repayments. \"Once the capex program is complete and the put option is behind it, we suspect New Hope will look to reduce its cash balance, implying a step-up in returns,\" says analyst Glyn Lawcock. \"As such we increase our long-term payout ratio to 80% (from 50%).\" It expects New Hope will prioritize dividends over share buybacks. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 18, 2026 19:19 ET (23:19 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NHC.AU","symbol_name":"NEW HOPE CORP LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2620296855","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620296855","pubTimestamp":1773875940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2319 GMT - Barrenjoey takes a more bullish view of coal miner New Hope's long-term dividend payout ratio. New Hope had A$620 million in cash and managed investment funds at the end of January. It also holds some A$300 million of convertible notes on its balance sheet. Barrenjoey says its cash pile should be enough to fund capex and debt repayments. \"Once the capex program is complete and the put option is behind it, we suspect New Hope will look to reduce its cash balance, implying a step-up in returns,\" says analyst Glyn Lawcock. \"As such we increase our long-term payout ratio to 80% .\" It expects New Hope will prioritize dividends over share buybacks. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NHC.AU":"NEW HOPE CORP LTD","BK7083":"煤与消费用燃料"},"translate_title":"一旦资本支出计划结束，新希望可以提高回报——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NHC.AU":0.9},"content_text":"2319 GMT - Barrenjoey takes a more bullish view of coal miner New Hope's long-term dividend payout ratio. New Hope had A$620 million in cash and managed investment funds at the end of January. It also holds some A$300 million of convertible notes on its balance sheet. Barrenjoey says its cash pile should be enough to fund capex and debt repayments. \"Once the capex program is complete and the put option is behind it, we suspect New Hope will look to reduce its cash balance, implying a step-up in returns,\" says analyst Glyn Lawcock. \"As such we increase our long-term payout ratio to 80% (from 50%).\" It expects New Hope will prioritize dividends over share buybacks. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 18, 2026 19:19 ET (23:19 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}