"In itself, Friday’s statement from the company does not seem to justify a 20 per cent drop in the share price."
"For a start, asset writedowns rarely affect a share price..."
"The rest of the statement was a cost cutting program and affirmation of the production outlook, the profit and the dividend; if anything it should have resulted in an increase in the share price, which is probably what the board and management had expected." _____________
Who is he kidding?
NCM Price at posting:
$12.35 Sentiment: None Disclosure: Not Held