I have only just by chance started looking at Nido today and it looks like a big buy to me.
9c looks like a great entry after a pretty steep run over the past year from 50c. Looks like it's sp rise strongly correlates with the surge in oil prices; so one might also be led to believe that any resurgence in oil price would also pick Nido up.
With a MC at only 90m and oil price likely to continue to rise with production cuts, is anyone able to point out any risks with NIDO other than oil price and location in the Phillipines?.
Is there any more information on the JV that people keep referring to?
I think I will go long on this one today.
SF
why so glum on nido
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Last
77.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $176.7M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 650 | 78.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 6000 | 1 |
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| Last trade - 16.12pm 15/11/2024 (20 minute delay) ? |
| NDO (ASX) Chart |
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