Hi Ft,,
Look, the company is the company, it has not paid to be long and strong the share as a long term investment for quite a few years, just calling it like I see, luckily whilst every trade is not perfect, the thoeries and numbers on NCM have played out 100PC....there has been no benefit to the merger other than more debt and higher costs
No doubt she has had a stella bounce and as Ive stated she might even go further...for me Im not going to get caught as the margins of the business are not radically expanding, nro has production demonstated a huge turnaround....and the company has admitted it is now reviewing its operations, Telfer is still a DOG
I catn comment on Goblins negativity, he is calling it like he want to ......everyone,,recgardless of thier calls in Bias,,,long or short.....I think the trick here is to present your view with some data for a fully informed debate
If you nail this one after a few attempts thats great,,,it was a HUGE risk to step in at 1600, but it has paid very well, all Id say is that stella immediate moves in either direction usually dont last too long..
Im waiting to see how the suite of assets perfrom this QTR after the dramatic contraction in margin, Im waiting on the companies announcment on production and its forward plan of exactly how its going to reduce its ever continuously increasing costs,,,,,,until I hear that detail and the company demonstrates a complete change then, for me,,,Im not prepared to purchase at 17 PE historical earnings when the company finacials and production reports clearly indicates a fall (maybe be forced to hedge for a time),,,others like yourself are prepared to take that risk,,,thats what makes the market, and of course we can both be right depending on when we enter and when we trade....
On a positive note, Ill say again,,it could go to 20, but again for me,,,,,,I dont buy on price swings, NCM is all about traders usually short term moving around like a YO YO a mega cap, which in my view is absurd,,I try to bank on the trend and the trend imo hasnt changed ATM
Add to My Watchlist
What is My Watchlist?