NBS 0.00% 9.9¢ nationwide building society.

today's share price movement, page-2

  1. 341 Posts.
    >> My fear could be that everyone sells once the announcement comes out.<<
    In that case there must be buyers prepared to invest.

    The directors stated several times that the company ‘is on track’ to deliver $48mil NPAT for FY 2009.
    If there is a significant shift away from the earlier guidance of $48mil NPAT, then directors would have (should have) announced this to the market earlier.
    I conclude that they are on track to deliver the goodies and expect them to follow this up with more of the same for FY 2010.

    Some will sell out on delivery of the facts others will see the opportunities ahead (incl. potential for dividend payment) and buy the stock.

    The market at work.

    Cheers.


 
watchlist Created with Sketch. Add NBS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.