NEC has gone too left wing to get back to its original price of...

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JCoure

35,219 Posts.

914

19/09/24

23:31

Post #: 75754082
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Originally posted by Jack1960: ↑

I sold out of Nine quite a long time ago and well over $2 with the proceeds to raise cash for other opportunities. It was a good investment for a long time but no longer served a purpose for me.

I was today notified by HC that someone did a like on one of my Nine posts, which has brought me back to this thread to revisit a blast from the past.

Interestingly, a couple of years ago I wanted the price under $1.50 and suggested it would be an opportunity to buy. Now that it is much lower than that, and I don't hold it, I am not as excited as I once was. Most investors react the same way, once they have moved on.

If I know myself, I will passively watch the price languish for another 6 months, relentlessly eating away at the hopes and confidence of owners. I expect the share price may drift even lower. While anything could happen between now and then, and I may miss the boat, it will not bother me, I don't have a FOMO reflex in my body and certainly do not revisit past my errors with regret.

I may be interested in the next 1/2 yearly in February, 2025 to revisit my view of the business. I still love the publishing arm and Stan but the old core media business, like the SMH/Age "rivers of gold" have evaporated. In a recession, advertising spend will be hit and thus so will profits.

Good luck to all holders still hanging fat. I have been there many times.

I believe the basis of a sound business appears intact but the excitement of growth prospects are lacking.

Rarely do I ever post on a stock I don't own, but as a former holder, I am happy to contribute my modest thoughts. They are neither up or down ramping, just observations of a once vibrant business model, bouncing along the bottom.

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NEC has gone too left wing to get back to its original price of about double where it is now.

Going extreme radical left with SMH, Age, Nine Network and of course 2GB with its pro Labor mouthpieces has been as diabolical a media broadcasting strategy as you can get.

They need a new CEO to take it back to a majority center.

You know what they say, go work, go broke, become a joke.

NEC has managed to do just that.

NEC Price at posting: $1.24 Sentiment: Buy Disclosure: Held
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Last $1.33		Change 0.065(5.16%)		Mkt cap ! $2.101B

Open	High	Low	Value	Volume
$1.28	$1.34	$1.27	$6.707M	5.086M

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No.	Vol.	Price($)
4	69815	$1.33

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Price($)	Vol.	No.
$1.33	31881	1

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No.	Vol.	Price($)
1	6450	1.330
2	7841	1.325
2	12682	1.320
2	11190	1.315
2	11860	1.310

Price($)	Vol.	No.
1.290	28	1
1.310	65	1
1.325	4000	1
1.330	53366	2
1.335	6341	1

Last trade - 16.10pm 26/09/2024 (20 minute delay)

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NEC has gone too left wing to get back to its original price of...

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NEC has gone too left wing to get back to its original price of...

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