NFK 0.00% 47.5¢ norfolk group limited

advise on share price, page-3

  1. 1,861 Posts.
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    I can't explain it.

    For some reason it's out of favour, but that said, it's hardly on its own in that regard. 2.5 million volume in the last 3 days suggests that a large holder (probably an insto) is exiting.

    bb1010 you're an employee and much closer to the company, but other than a few one off costs, some delays to projects and NZ issues, the business looks in pretty decent shape and cashflows are strong. Sentiment wise, there could be some discounting for companies involved in servicing the resources / property sectors... International expansion commenced into growing Asian & Middle East markets and ODG (in particular) continuing to win high revenue contracts. Book revenue growing in a tougher environment.

    Looks like an absolute bargain to me!!
 
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