During 2022 the supply cost of a container of furniture was US$8000 for NCK. And even so NCK reported a massive +70% increase in profit. They now pay a huge drop in container price of US$800. So it computes that they can now reduce prices to attract the cash strapped buyers. I think the profit will continue to be good.Moreover NCK is now undervalued at the current price of around $10.20 which is around 23.6% below its estimated Fair Value of $13.38.And it has also increased its Dividend. Current Yields 7.38%It's a wonderful well managed company with great sofas and customer service. Hold it for long time
An Undervalued wonderfully well managed company
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Last
$15.86 |
Change
-0.030(0.19%) |
Mkt cap ! $1.351B | |||
| Open | High | Low | Value | Volume |
| $15.72 | $15.96 | $15.60 | $1.406M | 88.95K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 923 | $15.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.97 | 1028 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| NCK (ASX) Chart |