While margins are proving to be more volatile than forecast, the underlying operations continue to demonstrate their profitability. NIC’s assets are long-life, bottom-of-the-cost-curve projects and are currently being priced for margins at the low point of the cycle. We expect NIC to continue to make money through this period and be highly leveraged to expanding margins as they recover. As such, we believe NIC is excellent value at these levels.
Bell Potter has a buy rating and $1.83 price target on its shares.
NIC - Chart Thread, page-367
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Last
84.0¢ |
Change
0.010(1.20%) |
Mkt cap ! $3.600B | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 86.0¢ | 83.0¢ | $5.604M | 6.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 175513 | 83.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 182273 | 9 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| NIC (ASX) Chart |