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
$15.40 |
Change
0.380(2.53%) |
Mkt cap ! $1.300B | |||
| Open | High | Low | Value | Volume |
| $15.04 | $15.40 | $15.02 | $3.573M | 234.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1106 | $15.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.43 | 137 | 1 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$15.37 |
Change
0.380 ( 2.50 %) |
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| Open | High | Low | Volume | ||
| $15.04 | $15.38 | $15.02 | 44497 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| NCK (ASX) Chart |