Feels like NCM is undervalued to market based on the current.
With the potential of an increased offer or competing offer, I'm optimistic on NCM.
Obviously lots of variables here - particularly USD FX and Newmont share price.
If offer improves, USD strengthens, and Newmont shares price goes up, much bigger upside for NCM.
7-Feb 52 week high Recent high 1 Newmont share price $47.60 $84.00 $55.00 2 USD FX $0.69 $0.69 $0.69 3 Newmont share price (AUD) $68.99 $121.74 $79.71 4 NCM Value (0.38) $26.21 $46.26 $30.29 5 Current NCM value $24.50 $24.50 $24.50 6 Discount 7% 89% 24%
DYOR
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- Ann: Non-binding indicative offer from Newmont
Ann: Non-binding indicative offer from Newmont, page-70
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