FWIW managed to get an audience with NCM investor relations this week - rest assured the Canadian listing can't come quick enough. Most of our instos are heavily underweight NCM - many simply lack the nouse to correctly value ( as opposed to nth american instos who apply spot prices ) etc - no wonder the main stream Aussie investor has such little exposure to NCM. I suspect many of our instos cant even spell the word gold. By the same token wouldn't take much additional buyside interest to send this stock rocketing and surpass price targets like $50 in the blink of an eye.
In closing NCM outperformed the all ords by 5.5% today - now I can't remember the last time that has happened.....
Now beer time - good luck to all NCM longs.
NCM Price at posting:
$39.54 Sentiment: Buy Disclosure: Held
