NCA - VERY OVERSOLD & GREAT BUY!

[littletee]

NCA is very oversold today for no reason and is a sensational buy at current prices in my opinion.

Watch it rocket back through 5c extremely soon.

Good Luck

[Ham]

Quoted ex-rights from today, so not actually down at all. Up 30%

[littletee]

Hi Ham,

How is it up 30% if you dont mind me asking.

Cheers

PS - I bought a big chunk today at 3.5c!

[Ham]

I didn't do the calc - just quoted the Direct Broking site which has it quoted as "3.5c -.822up - 30.69%". Presume they calculated it correctly.

[littletee]

Ah ok.....not sure about that but I do reckon they're worth a punt at current prices!

Good Luck

[newz]

Don't know where Direct got their percentages from - puzzled me too. The rights (NCAR)look a pretty good deal also. They're trading on a deferred basis with 2c due mid Feb. The rts closed Friday at 0.5c. The heads closed at VWAP 3.5c though they may come back a little.
The company which offers a regional cable service in the Ballarat Mildura and Geelong areas is said to expect to be cash flow positive this year, and profitable the next.
The rts issue was 4.75 shares for every share held, which is a lot of shares to bed down. That might put a dampener on the 5c rebound shortterm but littletee has done well already having picked up the heads before they went ex-rts.
Congratulations.
Disc NCAR.

[miner]

Doing ok today on ann.

Cheers
Miner

[Watson]

is there really 2.2 billion shares on issue.......sounds like its hugely diluted and a rights issue that raised 15m bucks at the expense of 900,000,000mil shares to increase dilution.....someone tellme why i should by into this dreadfull company........lol

[miner]

Got me but if it gives a trade,well...trade it.

Cheers
Miner

[newz]

Lol Watson
Like Miner said if there's a trade...
At least you won't be paying 0.6 for the rts and 2c on takeup like some stupid schmuck who is too embarassed at his stupidity to fess up.
Best wishes.
Disc: Holding? Moi?