Noranda Income Fund Unit NNDIF

Cash flow

[stopedout]

First look cash flow of US$19.45 million before changes in working capitlal for a company trading with a market cap of C$60 million makes me glad I bought back at $1.20 last week but can't help but think that the stock goes down due to the Glencore/Covid effect. Not sure which is a bigger negative the Glencore or the Covid.

[Finalsay]

Did they report something related to the glencore/covid that you didn't expct?

[Finalsay]

Someone had previously dropped the TD Resarch for Noranda post Q4 earnings. Q1 2020 estimates were as follows: Adjusted EBITDA =  14.5 Zinc Metal Premium = 0.065 Zinc Price = 0.97 Copper Price = 2.6 Sulphuric Acid Netbacks = 55 By-Product Revenues = 7.8 Q1 2020 reported results: Adjusted EBITDA = 17.2 million Zinc Metal Premium = 0.07 (though MDA only goes to one decimal place

[stopedout]

I am referring to general downward pressure on the stock market and on zinc markets by covid, combined with the uncertainty of not knowing the details of the concentrate purchase agreement with Glencore. The stock at $1.20 is trading at half the current working capital.

[ZincDink1]

Sounds like zinc markets have picked up in China. I think we should move into the 1.5 range at least, though without the divy, one wonders why hold this.

[Finalsay]

Last 3 quarters EBITDA of 23.3, 14.9, and 19.5 million. Think one of the investors who asked einarson a question on th earnings call mentioned BVPS of $5 at $1.1. You'd think buying at these valuations is a steal, but market seems completely disinterested in this stock. Hard to see any catalyst moving this stock significantly. Maybe zinc prices increasing substantially, or a huge ramp up in

[Finalsay]

At this point I feel like a reinstatement of the dividend is the only chance of seeing this stock return to a fair valuation. 

[Northforce13]

I think what is needed is for an activist investor to come along and clean out the board of directors. Replacing them with people who actually owned shares and paid attention to what share holders want would do wonders for the stock price.   The so called "independent directors" aren't doing anything useful for us.   Tell Glencore that as owners of the company

[JasonBilly]

Another constant refrain that has been repeated for years. I'm not giving you a hard time; if I'm giving anyone a hard time, it's myself. Every time the shares spike to reach my break-even point I tell myself I'm going to sell and invest in a company that I know is going to pay a dividend or distribution. But I don't. Maybe next time.

[JCW]

My story too.....next time....for sure!!!