Seems the brokers are starting to put a Spec "buy" on NMR...Finally !! and a 17c target no less.
I believe the West Australian (and particularly Saturdays West Australian) is the most widely read newspaper over there in WA ...Ie they have a monopoly on Saturdays printed news. Not sure exactly how many but a six digit circulation sold on a Saturdays... Chances are that a small % of readers will push the buy button on Monday are very High.
I would expect to see some increased buy pressure on Monday due to the announcement... So I hope you have all topped up your NMR holdings...
Does anyone have access to the D J Carmichael broker report ? Or what was actually said in "The West" newspaper ??
NMR Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)