15.2c this morning. solid volume through. Think 2018 could be a very interesting year....:t_up:
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15.2c this morning. solid volume through. Think 2018 could be a very interesting year....:t_up:
Is it because of broker recommendations? I have a very small share of these but interested in picking up a few more.
I doubt there would be brokers following NWF with its small market cap. So not sure what today's action is all about but could be a thought of a TA in the making or someone wants them as an add on... (just purely speculation at this point, its not the wind that is doing this action as there is no wind the last 2 weeks)
http://203.114.161.10/trh.htm
It was one of the broker picks in the Herald article by Vulcan Capital http://www.nzherald.co.nz/business/n...ectid=11962632
Forget the brokers , don't underestimate the power of SylvesterCat's new 2018 ST stock picking competition- a motley but brave few of us have NWF in there and boom ! ;)
They were the only broker that lost money based on their 2017 yearly forecast
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11962667
Vulcan Capital, the only broker not to make a positive return, saw an 84 per cent return on NZ King Salmon but was hit hard by negative returns for Promisia and Pacific Edge.Vulcan obviously have quite a different risk profile to other brokers as per none of their selection being exactly blue chip , but still - losing money last year is pretty bad so how much faith you want to put in their forecasts I will leave to you.
(Disclaimer - I am no longer operating in the broking community,)
I liked NWF in the single cents .... not sure now.... the answer is blowin in the wind
Not exactly the right place but for interest here are the brokers returns as per above article
Attachment 9380