Pbawley, sabine, hicks58
Through the eyes of a crab, all men walk sideways. Likewise, posters to this NWH subforum can have differ opinions, but from a different perspective – long term versus short-term, momentum trading versus fundamental analysis,
et cetera.
For me, playing on the market is more an interest, than anything else. Being 79, I do not desperately need to preserve my capital, so I take risks, but, like playing monopoly, I prefer winning to losing. I could bypass the entertaining bit, and look for advice from brokers and their ilk, but there is no fun in that, and they are so flawed as a group, I am unsure if one can trust their advice.
Sabine, on fund managers, it is worth heeding what they say if they cover a stock within their sector of focus. Funds have self-imposed limits to various things – market cap ranges being a common criterion. NWH would be excluded from many funds because of its geography (some funds are specifically international), sector and market cap. A few years ago I recall reading what a guru Steve Johnston of Forager was, and that Forager had invested heavily in TGA, which I held, so I was heartened by that, and I held, and still do. TGA has since then declined from about 70c then to about 12c now. TGA has been my worst investment in dollar-loss terms, followed by BYL. Both collapsed because of poor management.
What I think will happen to NWH's SP in coming months is that if there is no news, the fickle herd will lose interest, and the SP would retreat, but a bit of positive news would do the opposite, and out of preportion to its real significance – for instance, if NWH comes out of the GCY adventure in a manner that allows it to reverse the circa $35 provision for doubtful debts that I think still sits on its books, the capital value of NWH would lift by some multiple of that. If it thereafter announced a few contract wins, including at least one Alliance road-building contract, the SP will shoot up yet more. A bullish guidance would have a similar impact. All we need is a trifecta (GCY resolution, contract win(s), and a bullish outlook Announcement). All possible according to Mr Micawber.
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