Sometimes we need to simplify our thinking. I own and run my own...

Sometimes we need to simplify our thinking. I own and run my own business. Now, if trading conditions are good, profit margins are increasing, and I can see solid growth, but I have outsiders telling me that my business is only worth say 2-3 times its annual earnings...that's all fine. I really couldn't care less. I'm happy to keep raking in the cash and doing with it what I please.

Then, if one day someone shows up and says "hey, that's a good business you've got there, I'll give you 10 times last year's profit for it", then I might listen.

My point is that if you are a holder of NCM and are confident with their profits and where they allocate those profits, then relax a bit and don't worry about the short term share price. Good results can only be ignored for so long.