target 32.50, page-36

CSL took a few weeks to bottom out and make its move. NCM may do the same.

With LGL out of favour, and not alot else on offer in terms of blue chip gold on asx, we should see funds move into NCM somewhat over the next month or 2.

Funds are big slow moving ships, that cause a large wake when they do move.

NCM is being, and will continue to be, re-rated at these levels, especially with such a strong full year result on all fronts.