As we know, we have 2 brokers' valuations on Nido.
19c (DJ Carmichael) and 25c or 30c (Southern Cross). SC's is unconfirmed at this stage.
I suspect Carmichael are re-evaluating Nido given that they obviously have undervalued Nido.
In any case Carmichael's clients are ecstatic. I also suspect that SCE's clients would be stockpiling whilst the price is still cheap.
I also imagine the top 20 Nido holders would be doing likewise.
I personally have revalued Nido's xmas05 price and have upgraded the price from 19c to 36c. I have based this figure on upcoming positive announcements in the North Sea and offcourse market sentiment.
NDO Price at posting:
0.0¢ Sentiment: None Disclosure: Held
