I’ve been watching NGI from a fundamental perspective for sometime. In essence a successful owner of hedge fund businesses that didn’t get the last acquisition quite right. They lost a lot more than just their perfect glossy image and have been heavily sold down (oversold IMO).
The last acquisition has now stabilised and their recent announced acquisition looks good. Together this could be a fundamental turning point as the reason for the downtrend is exhausted at the same time as new growth potential is added.
So I’m thinking from a fundamental perspective NGI could bounce nicely ... @Saragian wondering if there is similar interest from a technical perspective?
Cheers, Simon
NGI Price at posting:
$1.70 Sentiment: Hold Disclosure: Not Held
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