I note the shorts have loaded up on retail - NCK, TPW, JBH etc.. with interest rates on hold they may find they get caught with their pants down - so to speak. Several brokers pin NCK at slightly below fair value at present - if the economy tanks Id expect it to drop to 7 but the stock market holds up then it tends to waver at between 9-14x (PE) and is currently at the low end. Its been volatile since the bug (march 2020) but underlying performance has been pretty solid. I would anticipate some weakening in sales H1 - H2 2023 owing to the macro environment - but investors are generally forward looking so not sure this will greatly impact the price if realised.
Not advice!
I note the shorts have loaded up on retail - NCK, TPW, JBH etc.....
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Last
$14.79 |
Change
-0.120(0.80%) |
Mkt cap ! $1.260B | |||
| Open | High | Low | Value | Volume |
| $14.95 | $15.08 | $14.79 | $2.150M | 144.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 604 | $14.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.88 | 605 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| NCK (ASX) Chart |