re: News...........JOKE!!!!
Firstly let me say that I don't follow NCP and never will..........a joke of a share if I've ever seen one. I also believe that 90% of "blue chips" are not worth investing in. Having said that,let me point out what little I know about NCP off the top of my head:
-0% capital growth and <1% dividen yield pa over the last 3 years.
-a company whose earnings (pre-abnormals) are steady at best,falling at worst.
- a return on shareholders funds of about 3%!!!!
-debt of 22 BILLION which at the current pre-abnormal earnings (around 1 billion) would take 20 years to pay off if that's all you did with the profit
-that debt doesn't include 75% of that again in preference stock which is basically debt anyway.
-this company (not growing) is on a PER of 40+ (using pre-abnormal loss earnings)
-this stock is priced on blue sky (potential)
-this stock would drop $2 tomorrow if Rupert had a heart attack
Technically...............you would expect it to continue to downtrend with next major support at around 8.50........still way above its true fundamental value.
That was very quick,and as I said I don't follow the stock,but I know enough to keep me from bothering.
