Bullboard - Stock Discussion Forum Neo Performance Materials Inc T.NEO

Alternate Symbol(s): NOPMF

Chemicals Specialty Chemicals

Neo Performance Materials Inc. is a Canada-based company that provides advanced industrial materials, rare earth magnetic powders and magnets, specialty chemicals, metals, and alloys. The Company's business segments include Magnequench, Chemicals and Oxides (C&O) and Rare Metals (RM). The Magnequench segment production of permanent magnetic powders used in bonded and hot-deformed, fully dense... see more

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Neo Performance Materials Inc > Q2

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Post by Ciao on Aug 09, 2024 1:12pm

Q2

This caught my eye...

Increased Adjusted EBITDA(1) Growth Outlook: Neo reports strong financial results of $24.2 million of Adjusted EBITDA(1) for the six months ended June 30, 2024, despite the further decline in rare earth prices. Neo increased its outlook for fiscal 2024 to $45 million to $50 million of Adjusted EBITDA(1), a 20% to 35% increase over the prior year.

Anyone have thoughts on Q2? Is the dividend sustainable?

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Comment by Possibleidiot01 on Aug 10, 2024 9:03pm

Maybe the question could be rephrased? Should the dividend be sustained? It's not like investors are bashing the door to get that dividend. Would investors be happier with a larger margin of safety as the new plants get built? Overall , hard to get excited with the ongoing shrinkage in revenues and low, if improving profitability. JMO

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Comment by Ciao on Aug 10, 2024 9:15pm

If the strategic review results in the sale of the company, then the dividend is inconsequential. I guess the dividend allows some institutions to purchase the stock.

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Comment by Possibleidiot01 on Aug 11, 2024 2:31pm

True for point 1 Maybe . maybe not on Point 2. Might actually limit the appeal for some purchasers IMO. Buyouts are nice but never count on them happening.

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Neo Performance Materials Inc