(posted
sunday)
The rise of
nufarm has begun and here are the
reasons why it will continue.
1) Fundamentally the stock should be over 6
dollars which
means at present levels the stock is way under
valued
2). The selling in New Zealand is now finished,
anyone who was going
to sell during the stocks slide will have already
done so
3.) Nufarm has made it into the aussie index
which telecom and the
fletchers failed to be
included in. The stock is now being taken up in
earnest by the portfolio
managers
4. A proven record of eps growth which is
likely to continue into the future
5) They announce their yearly results this
week and judging by the way
the stock has
begun to move upwards in advance of the announcement a
good result
is probably expected
Conclution : The
complete lack of selling pressure, plus an expected
good result could see this stock
rise rapidly during the week to at least 4.00
possibly 4.30. There will still be
room in most portfolio managers selections for this
stock which has only recently moved to oz.
Buy now before the opportunity passes,
there is virtually now downside risk at present
prices.
disclosure i own stocks bought at 5.75 5.55
4.35 3.40 and have no intention
of selling in the foreseable future
nick
See IRG research reports
