So did you get in?...or you gona wait for $6 something? opened at 7.29 and fell to its close at 7.12 which was a surprise to me as i thought the issue price would be a new floor....knife catching can be profitable and dangerous and prob best suited to a staged entry IMO.
To be honest I thought about buying on the bell but it was too close to the daily low for me. I think there will be a bit of an overhang with the rights issue and don't expect anything major soon. Also was this issue only
making up half of the 250 mil? If so...what about the rest?
What about yourself? In/out? Rights issue taken? What about others?
The issue price is $5.75 so that could yet become the new floor, although I don't think so!
The theoretical ex issue price was $7.41 but that was even more theoretical than is usually the case, given the circumstances of a long previously announced issue but at an unknown ratio and an unknown price!
I'll be taking up my entitlement at $5.75 but will wait for some strength in the SP before deciding whether or not to buy more.
lol shows you how much attention ive been paying...i thought the issue was at 7.50...so we have a long way to go to get down that low ($5.75) maybe it will turn out to be one of those super easy money opportunity's, it certainly looks like easy money at the moment.
NUF announced on Friday that the institutional bookbuild cleared the stock not taken up at $7.40. Doesn't look like $6.00 any time soon!
Haha if it got to $6.00 flat I'd be very happy to snare a few. My aim for the 6's is both a strategic and mindset one. Strategy in that I like the thought of an equity placement providing a floor and institutions taking up a heap as well.
Mindset in that if it touched the 6's i'd be happy to say I bought in there and trusted my instinct/valuation/startegy etc. I'm still betting on a bit of an overhang before decent gains but still...always time to get in!
So far i've been dead wrong and most likely expect it to stay that way. NUF finished on 7.64 today...basically 7-8% off the low of 7.08. Does anybody know when the shares hit accounts? Perhaps I'd wait for that
Still time still time...
It would appear my prediction of NUF in the 6's came to fruition; ableit not the way I predicted. However I pulled my buy order due to the market meltdown and now seem to have missed it completely. Here's hoping for more bad news from the Euro Zone or Wall st and I'll have a shot on Monday. Unlikely now =(
LOL predicted $6 something and didn't buy itthe thing with meltdowns is ya just never know when and how far, and it mostly feels better to just wait and see etc...personally i put every cent i had into the market today.
The other thing about a meltdown is that there's dozens of stocks that look to be bargains so your spoilt for choice, and the stocks like NUF tend to fall off the radar or at least don't look as attractive.
I know right... Gotta have the courage to back my convictions. Was today the last onslaught? Who knows? US Job Data tonight...could swing either way. Why did you pump everything in today? Hopefully this and a few others are off peoples radars a little longer...
Probably retail holders selling to take up the issue at $5.75 without increasing overall exposure to NUF.
Issue closes this Friday.
Thanks for that info.
I've held out (again!) from buying after a really poor finish at the end of the day. Markets also looking toppy won't help anybody's cause.
Long term downtrend still in place...thought the cap raising would have provided a bit of a floor...
Watching...waiting...probably won't pull the trigger:
Markets looking toppy!!!!!!!! seriously markets looking toppy you say.
Fridays low for NUF was 6.62 and today's was 6.75..the SP may or may not get any closer to 5.75...at some point your gona have to just put a price on it your happy to pay or walk away and quite possibly watch NUF rally away from you.
Catching bottom can become a bit of a game where you wait to long...as i did a few times at "the" bottom....a good alternative is a 2 stage entry, even then with 2 goes at it, you wont get it 100% right...still what ever you do you need to be at ease with yourself and happy with your actions.
GL JTLP
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