NST 1.22% $14.57 northern star resources ltd

Fundamentals haven't changed, page-886

  1. 1,659 Posts.
    lightbulb Created with Sketch. 111
    Can totally understand

    Hertz had filed Chapter 11 on Friday.
    However Hertz had a flawed operational model anyway and financials were really bad even before the pandemic (liabilities == assets)
    Nevertheless I feel for the ones that mistakenly bought the dip on the day of the announcement.

    And the futures market point to a 60 point rise???
    smh.com.au/business/companies/asx-tipped-to-open-strong-continuing-market-rally-20200524-p54vxe.html
    https://hotcopper.com.au/data/attachments/2178/2178628-b9344d968e1d6ddc154d6349f0f43fb2.jpg
    It's funny how the market ignores all the negativity.

    Just goes to show we need to be extra careful picking stocks with strong balance sheets that can come out of the other side of the storm and not just trade by signals
    Last edited by edgck: 24/05/20
 
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