NIC 0.61% 83.0¢ nickel industries limited

Ann: Quarterly Activities Report, page-14

  1. 114 Posts.
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    Do remember the cash flow is at 100% basis. NIC is around 75% of that number. So in cash and inventories that’s around $252million.

    This quarter in near figures of owning 75% earnings are $33 million. Now that’s a frighteningly low number. Annualised that at $130 million.

    Price that at PE 10 company worth $1.3 billion. Significantly lower that current $2 billion.

    It is currently trading at PE 7.62 so that’s $0.99 billion. 50% lower than current price.

    Do note mine profit dropped from $18 million previous quarter to $10million with no real explanation.


    Obviously I’ve missed where the $100 million from the share equity raise went. The one that wa filed a month late.
 
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