NCM newcrest mining limited

why so high!

  1. 13,192 Posts.
    lightbulb Created with Sketch. 2823
    with everyone being wildly bullish as they were at 30 -28-26-24 22, was wondering why trading at 22Pe, div growth zero for smae period and now with AUD POG now 1530!

    As for looking forward, why anyone would look forward with this particular company is risky imo,,,

    They hedged their book because they thought Gold was going to fall,,it didnt and it needed more capital
    It took over Lihir and promised big ramp ups,,,it failed
    Its promised synergies and didnt get them and took on heaps of debt which was paid off last time

    EPS just fell 51PC yoy, cash balance is very low compared to years ago

    just thought Id give the opposite side to the story :)

    POG AUD now lower than expiry day last where 21.27 was the trade of the day
 
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