The margin compression caught me by surprise and shows why some other people have been selling. If the margins remain compressed then NIC is still a good buy at this price, just not a screaming good buy.
Given their position as a low cost producer I have rightly or wrongly taken the view that margins can only be compressed so far. Profitability will be hurt but other more expensive produces will drop out.
If margins bounce back even somewhat next quarter expect a bounce. If things remain tight then I can see this taking longer to appreciate. I'm holding.
- Forums
- ASX - By Stock
- NIC
- Ann: HNI Commences Transition to Nickel Matte Production
Ann: HNI Commences Transition to Nickel Matte Production, page-18
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NIC (ASX) to my watchlist
|
|||||
Last
79.3¢ |
Change
-0.018(2.16%) |
Mkt cap ! $3.364B |
Open | High | Low | Value | Volume |
79.0¢ | 80.5¢ | 77.5¢ | $6.091M | 7.721M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 258314 | 79.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
79.5¢ | 200965 | 57 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
32 | 275587 | 0.790 |
29 | 561195 | 0.785 |
22 | 313682 | 0.780 |
17 | 247170 | 0.775 |
17 | 818220 | 0.770 |
Price($) | Vol. | No. |
---|---|---|
0.795 | 153477 | 52 |
0.800 | 327684 | 27 |
0.805 | 380205 | 19 |
0.810 | 217534 | 12 |
0.815 | 224626 | 9 |
Last trade - 15.20pm 05/08/2024 (20 minute delay) ? |
Featured News
NIC (ASX) Chart |