Noted... Can I just ask whether there are any or many other nz stocks right now that you consider are truly in that recovery phase and 'climbing the wall' .... if so, there is no need to identify them, I am just interested to know for the medium term
Becoming harder but yes, like when FBU was out of favor and subjected to extreme selling pressure, there are several stocks in the recovery phase on the NZX.
Watch also the indexing driven selldown from time to time - excellent opportunity to invest in said stocks.
Noted... Can I just ask whether there are any or many other nz stocks right now that you consider are truly in that recovery phase and 'climbing the wall' .... if so, there is no need to identify them, I am just interested to know for the medium term
NZX:MCK is my preferred nominee for this. Given its very large majority ownership of CDL, its non-CDL assets are being valued at a mammoth discount despite the large NTA value (current share price of $2.31c vs NTA of $4.70 per share)
Total MCK market cap (MCK + MCKPA) = ~$360m
MCK 66% ownership share of CDL = ~$202m
Last edited by LaserEyeKiwi; 30-03-2021 at 11:10 AM.
Lets hope they can make money this time. Or maybe we should consider it a trade.....hmmmm...up > 100%....
Likewise, can't believe I'm up over a bagger on this in less than 6months plus recent divvy on top of that. Quickest bagger and never thought FBU could deliver that.
Likewise, can't believe I'm up over a bagger on this in less than 6months plus recent divvy on top of that. Quickest bagger and never thought FBU could deliver that.
Perfect storm last year for FBU sp - Covid lockdowns, continuous problems from the big projects etc etc including getting kicked out of index.
So great time to invest in it as a recovery stock.
Must admit I thought it would take 2 years for the sp to double but very happy that it took less than a year.
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