Dyno Nobel Ltd
DNL: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| >.N | LOCK|?Q | LOCK|Jlxj#H |
Dyno Nobel: Earnings Impact of Phosphate Hill Sale Quantified
We reduce our earnings forecasts following a review of the impact of the sale of Phosphate Hill. At a price of AUD 1, Dyno Nobel is essentially paying to exit the asset. The timing is poor, given weak agricultural conditions and elevated gas prices.
