NCM is a company that has halved in share price in the past 2 years from its high of $43.71 in November 2010 to lows of $20.89 (52%) and $21.53 (51%).
The probability of its share price rising in the next 12 months is high. Based on, big cap stocks that have fallen hard and halved in price in prior 2 or more years (example, TLS, ORI (many years ago), and probably QBE), have given excellent returns in following years.
Report looks bad and many problems. But that is the past. The future can hold huge potential for the share price. Example, strong future production with a combination of gold price surge are both possibilities.
NCM Price at posting:
$24.33 Sentiment: Buy Disclosure: Held
