Thanks for that Legume you have explained the numbers very well, I had not looked at them from that view point. I see from previous posts that NFK are a leader in their space which is in ever higher and increasing demand, which is what attracted me in the 1st instance, but i see also from previous posts that MND are a 20 % shareholder in this company. I searched NFK's top 20 shareholders and it shows MND at 13.98%. not 20%. I cannot grasp why MND would bother with such a small company such as NFK. However I assume with the extreme skilled labour shortages in engineering that could be an attraction? never the less MND are not investors and they are a significant holder on the share holder register. Perpetual is now at nearly 7% (recently) so this does warrant further inquiry. Thanks for your reply Legume it looks to tick a lot of boxes, as I am yet to see any obvious weakness or downside.
NFK Price at posting:
$1.06 Sentiment: Buy Disclosure: Not Held