Looking at the price action yesterday, it looks like the shorters got their backsides smacked!.
Waiting to see what eventuates today...
On another note, it appears money is coming out of SWM, and into NEC, which would make sense.
Both are trading at around the same PE, however SWM have 2x the amount of debt,
Also, NEC should be debt free in about a year.
NEC are also paying a healthy dividend, but 7 wont be paying one for the forseeable future.
So in summary just some thoughts of mine... and of course dyor.
NEC Chart, page-22
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Last
$1.42 |
Change
0.025(1.79%) |
Mkt cap ! $2.251B | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.42 | $1.40 | $2.654M | 1.878M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7204 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.42 | 4842 | 1 |
View Market Depth
| Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
| NEC (ASX) Chart |