Australian (ASX) Stock Market Forum

NIC - Nickel Industries

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divs4ever said:
i expect more downturn in the short/mid term , primarily because it sells/nickel-iron products as decreed by Indonesia as the government decided the ore must be 'value added to' in Indonesia ( something Australia should have considered years back ) as the global economy slows

however in a slowing market this MIGHT give NIC time to grow sensibly , not push for a sequence of production records

i am willing to buy extra ( CAREFULLY ) as the share price slides lower

things to watch are who NIC is selling to and in which currency , Indonesia may move closer to the SCO ( kind of the minor league of BRICS )

NIC is building plant and infrastructure so is trying to grow organically , Aussie shareholders will have to navigate worries over FX

am not excepting this to be exciting ( in a good way ) in the next three years , but my Aussie nickel plays either turned into duds ( like PAN ) or were taken over

would the Government permit NIC to be taken-over by a foreigner , that would be the only major upset for me ( that i can foresee )
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Thanks @divs4ever for a prompt enlightenment. Good share
 
DrBourse said:
Hi Miner.....

Don’t know much about the Nickel Industry in general - Always tried to avoid it….
Pure Nickel Plays & Penny Dreads have always been at the top of my Hate List….
Both have a history of No Credible Financials, and both are usually Ramped to the Hilt….

The NIC Story so far:-
Just reading back on the posts here in the ASF “NIC – Nickel Industries” Forum, all I see are, what I call “Hope Posts”. …..Most of the posts show the SP as Flat or Dropping, & the Posts usually suggest HOPE for the future…. Sometimes there is a ST Uptrend, then the Analysts Hope Posts really Ramp Up….

At one stage it peaked at $1.79 on 8/3/22, and has been in freefall ever since…..

The Chart below shows that if NIC had been a goer from day 1 in July 2018, it should, today be about $1.50…. - but after its peak on 8/3/22 @ $1.79, punters realised there was too much Political & Foreign Interference, and substantial Shorting….

View attachment 162160



The Current Story:-
It’s the sort of stock that is easy to trade, but, ST ONLY…..

Current FA follows:-
NIC just sneaks into the OK Financials Group, But, it has always been Ramped to Death, in its past life as NML, and now in its current rebirth as NIC….
Unaudited & Conservatively Structured Balance Sheets are a worry….. Usually Rigged….
Balance Sheets are meant 2 B Precise & Exact, NOT Conservatively Structured….
Are NIC expecting +-ve or -ive "Significant Flexability" ??????????

View attachment 162161

View attachment 162163

Current TA follows:-
View attachment 162162

Like any PD, NIC’s TA is not much use to anyone except the ST Trader ATM – the only ST TA +ives are that it’s continuing in the same predictable direction…..

So everyone will need to rely on Ramping & The Analyst & Broker issues of Sheep Bait….

The Devils Metal is now Closer to where it belongs IMO…. NIC’s Historical Low is $0.21c…..
As everyone knows we should only deal in Facts, Not too many Facts on NIC ATM, so I'm very cautious....

Cheers...
DrB.
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@DrBourse - another awesome analysis and thanks a lot
 
Nickel Industries just sold 20% of their company to United Tractors @ $1.10 . They are currently trading @ $0.77 . Does anyone think that this could be a buy opportunity? Logic tells me that the share price should get close to the issue price but inexperience tells to seek opinion.
 
Colm Doc said:
Nickel Industries just sold 20% of their company to United Tractors @ $1.10 . They are currently trading @ $0.77 . Does anyone think that this could be a buy opportunity? Logic tells me that the share price should get close to the issue price but inexperience tells to seek opinion.
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well i have an order for a different stock but if that bid looks unlikely i would be looking for extra NIC near 75 cents

NIC doesn't give franking credits and operates overseas ( Indonesia )

your logic is correct , but the market is reacting differently ( on the ASX ) maybe the fear is a China war escalation and Australian shareholder will get stranded by sanctions

PS NIC has some recent setbacks

i hold NIC
 
Miner said:
I am hoping @DrBourse will send some help to you :mad:Colm Doc
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Miner & Colm Doc.

Sorry but all I can say is to Re-read my post #79 dated 8/9/23...
Can not see any reason to change my opinion on NIC..

Dealing with PD's is like jumping into a bottomless pit..
Dealing with NIC would be classed as a "Hope Trade", you just hope you will survive the experience..

There are others here in ASF better qualified in evaluating NIC's chances of survival...

Never liked "The Devils Metal"...

Cheers..
 
divs4ever said:
well i have an order for a different stock but if that bid looks unlikely i would be looking for extra NIC near 75 cents

NIC doesn't give franking credits and operates overseas ( Indonesia )

your logic is correct , but the market is reacting differently ( on the ASX ) maybe the fear is a China war escalation and Australian shareholder will get stranded by sanctions

PS NIC has some recent setbacks

i hold NIC
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Thanks, I also hold NIC . I bought @ $1.07 . Should I buy @ $0.77 to mitigate my loss or wait until the price increases and bail. Any advice is welcome 🙏
 
Colm Doc said:
Thanks, I also hold NIC . I bought @ $1.07 . Should I buy @ $0.77 to mitigate my loss or wait until the price increases and bail. Any advice is welcome 🙏
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i bought at 90 cents , 87 cents and 85 cents ( all this year ) now some consider me an idiot , or worse but i am seeking international exposure outside of the US and EU , i strongly refer India , but Indonesia is acceptable as well

please note NIC is partly owned by sections of the Indonesian government ( which sometimes is good and sometimes not so good )

please note ASF ( and ASIC ) might SHOUT at me if i give any advice on the forum ( or in a PM )

BTW i have had mixed success with nickel producers , the main advantage of NIC is they turn the nickel ore into a processed product ( as the Indonesian government decrees ) so Dr. B's comment is fair about 'the devil's metal ' ( fortunes have been lost on it before )

see Poseidon Nickel

en.wikipedia.org

Poseidon bubble - Wikipedia

en.wikipedia.org en.wikipedia.org
 
NICKEL MATTE SALES CONTRACT WITH GLENCORE

Nickel Industries Limited (Nickel Industries or the Company) is pleased to advise it has entered into a maiden nickel matte sales contract with Glencore AG (Glencore).
The contract, commencing January 2024 and running for an initial 6-month term, will see nickel matte from the Company’s Hengjaya Nickel Project (HNI) sold to Glencore and represents the Company’s first direct sales to western customers.
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life.
Through a network of assets, customers and suppliers that spans the globe, Glencore produces, processes, recycles, sources, markets and distributes the commodities that support decarbonisation while meeting the energy needs of today.
Volume and pricing terms remain commercial in confidence. Commenting on the Company’s maiden nickel matte sales contract with Glencore, Nickel Industries’ Managing Director Justin Werner said: “We are delighted to have entered into this initial nickel matte sales contract with Glencore with this contract signalling a maturing of our nickel matte business and an important diversification of our customer base into western markets closely linked with the global EV supply chain.
Very pleasingly we have seen strong interest from global battery and EV makers for our matte product and welcome this first contract with Glencore as we continue to broaden of our customer base.”

i hold NIC

interesting , Glencore is still focused on growth
 
RETIREMENT OF CHAIRMAN

Nickel Industries Limited (Nickel Industries or the Company) wishes to advise of the retirement of Non-Executive Chairman Rob Neale, effective 31 December 2023. Rob has been the Company’s Chairman since April 2018 leading the Company through its Initial Public Offering in August 2018 to its current position as a global-top 10 nickel producer.
Company founder and current Deputy Chairman Norm Seckold will replace Rob as Executive Chairman.
Commenting on the retirement of Rob Neale, Managing Director Justin Werner said: “On behalf of the entire Board and management team I would like to sincerely thank Rob for his contribution to the Company over the last five and a half years.
Rob’s leadership has been invaluable during what has been a period of rapid growth for the Company and we wish him well in his retirement and future endeavours.”

i hold NIC

hmmm!

looks to have been all pre-planned , could be a smooth transition
 
A swathe of reports from NIC. Excellent quarterly production results. Announcement of dividends and a share buy back program.

SP has jumped 20%. Perhaps this is the turn of the wheel ?

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Quarterly Activities Presentation (PDF 1,339.9 KB)
Notification of buy-back - NIC (PDF 22.2 KB)
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Dividend/Distribution - NIC (PDF 22.2 KB)
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Quarterly Activities Report (PDF 746.3 KB)
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New Capital Management Framework including Share Buyback (PDF 243.6 KB)
 
Found this analysis on Bell Potter website. Very bullish on NIC.

Nickel Industries (NIC)

NIC’s operations are located in Indonesia and are long-life, bottom of-the cost-curve projects. It is in the middle of aggressive production
growth, lifting attributable RKEF production from 56kt in CY22 to +100kt CY23 and 112kt CY24 from with a further 40kt to come from HPAL
operations.

NIC is diversifying across a range of nickel products to capture margins across the stainless steel, lithium-ion battery and nickel ore markets. While nickel prices are under pressure from the current supply response, NIC has shown the ability to make money through the price cycle
which is a key attribute of attractive long-life assets. We forecast strong EBITDA growth driven by production and margin expansion.
Sustainable dividends also support the current valuation.
Buy, Target Price $1.80

www.livewiremarkets.com

Bell Potter's top stock picks for 2024

Bell Potter's top analysts share their best ASX ideas for 2024 and beyond.
www.livewiremarkets.com www.livewiremarkets.com
 
basilio said:
Found this analysis on Bell Potter website. Very bullish on NIC.

Nickel Industries (NIC)

NIC’s operations are located in Indonesia and are long-life, bottom of-the cost-curve projects. It is in the middle of aggressive production
growth, lifting attributable RKEF production from 56kt in CY22 to +100kt CY23 and 112kt CY24 from with a further 40kt to come from HPAL
operations.

NIC is diversifying across a range of nickel products to capture margins across the stainless steel, lithium-ion battery and nickel ore markets. While nickel prices are under pressure from the current supply response, NIC has shown the ability to make money through the price cycle
which is a key attribute of attractive long-life assets. We forecast strong EBITDA growth driven by production and margin expansion.
Sustainable dividends also support the current valuation.
Buy, Target Price $1.80

www.livewiremarkets.com

Bell Potter's top stock picks for 2024

Bell Potter's top analysts share their best ASX ideas for 2024 and beyond.
www.livewiremarkets.com www.livewiremarkets.com
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yes , damn inconvenient , i was hoping to add more today ( a few today , or a handful tomorrow as more cash was being transferred into that account )

oh well i hold a few thousand , i suppose i should be grateful i already hold some
 
Nickel Industries shares have dived on a Reuters report saying Indonesia is considering terminating permits for some nickel pig iron production.

NIC shares are down 7.3 per cent at $0.8525 after hitting a two-month low of $0.84 this morning.

Morgan Stanley notes that Indonesia has announced a comprehensive evaluation of permits for Rotary Kiln Electric Furnace smelters, which produce ferronickel and NPI used in stainless steel production. It aims to conserve nickel ore reserves for higher-value nickel chemicals such as mixed hydroxide product and nickel sulphate used in EVs, says Morgan Stanley analyst Amy Gower.

She notes that Indonesia's NPI production accounted for over 90 of the country's nickel output in 2023 – with MHP accounting for 6 per cent – and 35 per cent of global nickel supply.

Since the ban on nickel ore exports in 2020, Indonesia's overall nickel output is up 98 per cent, with NPI output nearly doubling, driven largely by Chinese investment, and much of this is finding its way to China, with Indonesia accounting for 94 per cent of China's NPI imports in 2023, she adds.

Nickel Industries holds an 80 per cent interest in the Hengjaya Nickel, Ranger Nickel and Oracle Nickel rotary kiln electric furnace projects located within the Indonesia Morowali Industrial Park and the Angel Nickel RKEF project located at the Indonesia Weda Bay Industrial Park.

Morgan Stanley says these plants make up $0.70 a share of its base case valuation of $0.95 a share and that if the if NPI permits are terminated it could significantly affect valuation.
 
It used to be a good organisation. Held it but unloaded after the CR.
Nickel producers and hopeful are not the darlings for investor at the moment (IMO).
DNH
 
sptrawler said:
It sounds like the Master is doing over the host, as well as Australia, situation normal.
View attachment 181798
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similar pickup : AFR

Werner added his weight to reports suggesting Indonesia will start to limit Chinese investment which has come flooding in since Jakarta imposed a ban on the export of unprocessed nickel from its vast laterite deposits and offered massive tax breaks for onshore processing.

Jakarta has also come around to supporting a so-called green premium on nickel produced under high environmental, social and governance (ESG) standards as concerns build about the toll mining and processing is taking on parts of the country.

However, Mr Werner said there was little hope of a revival in the Australian nickel industry with prices hovering at about $US15,500 ($23,800) a tonne.
 

The rise of Nickel Industries: Harvesting profits and paying dividends in a tough market​


www.marketindex.com.au

The rise of Nickel Industries: Harvesting profits and paying dividends in a tough market

While Australia's long-running nickel sector has been decimated – There is a perspective that no one is talking about.
www.marketindex.com.au www.marketindex.com.au

i hold NIC

i suppose i should have been adding in this dip , but i got spoiled with a nice parcel in January @ 63.5 cents

maybe i should consider adding near 70 cents
 
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