NIC 3.80% 82.3¢ nickel industries limited

When will we see some 2's...........

  1. 55 Posts.
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    Good Afternoon
    The first 2 hopefully we get to see will be the end of this month with the increased dividend, 0.02 AUD or better will be good. The second 2 must be coming soon hopefully before Xmas 2021 or early 2022, I refer to some analysts upgrades as Angel Nickel gets closer to completion then production. Below is a list of current published research with the brokers...(Citibank also has but I couldn't find it)
    Broker Recom Target Price Date
    Macquarie Hayden Bairstow neutral 1.10 08/09/21
    Canaccord Genuity Tim Hoff Buy 1.50 08/09/21
    Shaw and Partners Andrew Hines sell 1.05 07/29/21
    Bell Potter David Coates buy 1.52 07/29/21
    BMO Capital Markets Rene Cartier outperform 1.40 07/28/21
    Credit Suisse Patrick Collier outperform 1.40 07/28/21
    Jefferies Mitch Ryan hold 1.10 07/28/21

    None of the above research reports include Angel Nickel in their numbers, analysts will have to move soon to include them I would think. During the last Quarterly the update on Angel was construction was 40% complete and production was slated for H2 2022. I think Angel is commissioned earlier and analysts UPGRADES will have to be out prior to that, construction/expansion risk being applied to this stock at the moment is to high. Once Angel online then production/EBITDA doubles which, (all things being equal) analysts needs double their Target Price, on the TP above that gives a range of 2.10 - 3.00 AUD. Apply same to this years full dividend and growth through to 2023/2024, that puts Nickel Mines in the TOP TIER of growth for listed nickel companies globally.

    All things being equal doesn't always work out as we know but current share price is discounting this future growth far too much on the current/future numbers. I would think some analysts will have to UPGRADE their numbers soon........watch for the 2's.......

    Thanks
 
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