NCM
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0.00% $23.35 newcrest mining limited

Short The Highs

  1. nzrugby
    426 Posts.
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    24/05/16
    14:46
    Post #: 17852639
    I cannot see how this stock can be valued so highly with so much debt and not having paid a dividend since April 2013.
    I think the FED will be lifting rates again in June and so an efficient forward looking market will be expecting a stock like NCM to be going lower from about now.

    I'm in for shorting this ... only a weaker AUD will help this stock or a high POG.

    Regards
    nzrugby
    NCM Price at posting: $20.15 Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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