NCM 0.00% $23.35 newcrest mining limited

half yearly accounts eps crashed 50plus pc yoy, page-31

  1. 13,087 Posts.
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    When you post it asks you to disclose, position or no position, doesnt mean shares only, could be shares, options, cfd, etf etc etc, at moment holding puts, did i buy more today, no thankfully as the moved ended on the high, decimating put values till close, ill just hold them and see how long the move goes, reengineer the position plenty of time and options

    Strong day no question, wasnt a person this morning with a 51 pc fall in profit, huge drop in sales despite gold prices that would have said it will put on 800 Plus million in cap value, personally i just see it as market mania as just because the market is buzzing for a nominal number of 5000, many millions of shares sold today

    Maybe it is like the last rally as discussed, that started because the year downgrades were behind the company, gold was going to 2000 by year end and ncm was going to deliver a huge eps from new production, since then we have seen what they did, a 51 pc fall, and a failure to go to 30, market is efficent, it just takes time



 
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