I'm taking a "the glass is half full" approach to the results.
They were more or less in line with expectations. NEC is still generating plenty of cash to offer a reasonable (if unspectacular) divided and a good share but back but ...
while moderate, debt levels are rising, I have concerns over cost levels and there are industry headwinds.
I've downgraded to hold from buy for the time being. I'd be happy to top up at lower prices.
short candidate, page-7
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Last
$1.43 |
Change
0.038(2.70%) |
Mkt cap ! $2.263B | |||
| Open | High | Low | Value | Volume |
| $1.41 | $1.43 | $1.41 | $1.630M | 1.148M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 52344 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 110731 | 50 |
View Market Depth
| Last trade - 14.03pm 17/07/2024 (20 minute delay) ? |
| NEC (ASX) Chart |