This Indonesian investor increasing their stake again, to 6.2%. A correction from my last post when they lodged their original Shareholder notice, PT Karunia Bara Perkasa is a subsidiary of Harum Energy (the listed indo coal miner) and HARUM largest shareholder, it is a holding company for the family investments. Just me speculating but could this be more than an "just a small value stake"? Coal is sunset industry in Indonesia, likely these guys have been buying Nickel Mines with USD conversion (indonesian families/investors like this haven't held alot of IDR since 1997, most cash kept in USD) which over the last 3-4 weeks would give them a top (worst) entry price of 31.5 cents AUD into Nickel Mines (based on 50 cents share price and the FX @ 63 per USD)........and likely the best price they paid is around 20 cents with the USD conversion at 57 cents/ Per AUD. (BEEN VERY VOLATILE AUDUSD LAST 4 WEEKS) Nickel Industry in Indonesia has significant capital and regulatory barriers to entry, that is a very cheap entry in the lowest cost nickel producer in Asia, already with excellent production and SIGNIFICANTLY DE-RISKED FROM A EXPLORATION/START UP SITUATION. Just me speculating but could these investors be making a play, low stock price (in USD terms with the AUD so weak). Price to earnings hard to value with conviction in these special times but even versus IGO & WSA, Nickel Mines trading at 40%-50% discount on a PE basis. Bid coming?????????? lots questions there.........just me talking here like to here some thoughts.......
- Forums
- ASX - By Stock
- NIC
- Ann: Change in substantial holding
Ann: Change in substantial holding, page-2
- There are more pages in this discussion • 1 more message 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
(20min delay)
|
|||||
Last
97.0¢ |
Change
0.005(0.52%) |
Mkt cap ! $4.157B |
Open | High | Low | Value | Volume |
95.5¢ | 98.0¢ | 95.3¢ | $8.243M | 8.521M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 45536 | 96.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
97.0¢ | 209919 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 0.965 |
3 | 58000 | 0.960 |
10 | 155370 | 0.955 |
20 | 397228 | 0.950 |
5 | 86473 | 0.945 |
Price($) | Vol. | No. |
---|---|---|
0.970 | 128202 | 4 |
0.975 | 153697 | 9 |
0.980 | 196354 | 10 |
0.985 | 201433 | 8 |
0.990 | 129748 | 7 |
Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
|
|||||
Last
96.5¢ |
  |
Change
0.005 ( 0.01 %) |
|||
Open | High | Low | Volume | ||
95.5¢ | 98.0¢ | 95.3¢ | 1953595 | ||
Last updated 15.59pm 29/05/2024 ? |
Featured News
NIC (ASX) Chart |