@vivRookie. I agree that the dividend yield is currently looking attractive, and they should be able to maintain it given the profit reserve of $0.39c. However the SP and NTA have been in a downtrend for the last 6 years (since Jan 2018), and NCC has not participated at all in the recent small caps rally over the last 6 months. NCC has also seriously under-performed the small ords accumulation index over any period over the last 5 years, if not longer.
I'm currently sitting on a 33% capital loss despite averaging down (once). Performance could turn-around over the next 12 months, however I think their buy and hold (for long periods at any cost to performance) strategy is fundamentally flawed. NCC is a concentrated / small portfolio of 10 companies and very poor investments (such as WNR and BTC) should have been culled years ago and the capital re-invested in new ideas / better opportunities.
Plus they don't let their winners run..... They sold down their 20% holding in GTK (Gentrack) way too early, and missed most of the 300% rally from $2.50 to $7.80 over the last 12 months. Plenty of better managers elsewhere IMO.
Ann: NTA & Portfolio Update - February 2024, page-5
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Last
53.0¢ |
Change
0.010(1.92%) |
Mkt cap ! $39.11M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 53.5¢ | 52.0¢ | $26.85K | 50.97K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11528 | 53.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.5¢ | 44031 | 3 |
View Market Depth
| Last trade - 14.23pm 17/05/2024 (20 minute delay) ? |
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Last
53.0¢ |
Change
0.010 ( 0.95 %) |
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| Open | High | Low | Volume | ||
| 53.0¢ | 53.0¢ | 53.0¢ | 2584 | ||
| Last updated 14.23pm 17/05/2024 ? | |||||
| NCC (ASX) Chart |