||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
Real-Time news about Nufcor (London Stock Exchange): 0 recent articles
|ramage: they need to do something to move this share price up, not sure a name change is tfe answer, I alwats think if you good at what you do, what you are called isn't the issue, unless the name offends somebody thet is.|
|tilmanstone: Oops I stand corrected. As for the NU price, time will tell. Given the problems Cameco are having I wouldn't agree oversupply is a long term issue...|
|tilmanstone: This evenings price is equivalent to a $46.75 /oz price for U3O8.... Thats a 30% drop on todays actual price. I'm lost as to what's going on here... I'd love to know where this is going. What on earth drives a 13% fall when the commodity itself is stable at $65?? It is truly mind boggling, especially given that the world alledgedly has huge supply issues coming up on U: Just look at Camecos share price...|
|ptolemy: Those of you willing to spend gbp84 to learn more about your investment might like to look at the new red book report issued 16/6/08 - which coincided with recent weakness in NU. price.
Headlines are things like "conventional uranium resources will be adequate to supply nuclear energy needs for at least 100 years ", "expenditures for exploration increasing more than 254% over the two-year period from 2004-2006", "demand growth to 2030 between 40-80%" Not as bullish as the Uber-bulls might want you to believe.|
|hattori_hanzo: SETS trading should, in theory, mean narrower spreads and more liquidity....BUT! There will probably be Far, FAR more manipulation of the share price by bigger players & the MMs, false orders on the book, different BOTs (automatically programmed trades) at work ,eg: 'Iceberg' BOTs will start to appear.
I think it's a fallacy that SETS makes for a more level playing field than MM stocks.
As an experienced investor & L2 user, give me MM stocks any day.
All imho, dyor...and so forth.|
|tilmanstone: I know there's no logic in investing in the stock market anymore (!), but why would anyone sell NU. (U3o8) when:
a) Share price is below NAV and
b) U3o8 price is expected to keep on rising??
Makes no sense. This is probably a good time to buy, but I've got no spare capital...|
|tilmanstone: QS9 : The outlook for Uranium mid to Long term is extremely bullish. Many "experts" think we are now at the low point, though the indicative spot price has fallen today to $75 p/oz. See http://www.uxc.com/review/uxc_Prices.aspx
The bullish outlook is driven by the fact that there is expected to be huge demand from China and India, not forgetting that Gordon Brown is pro-nuclear and expected to give the go ahead for 10+ new nuclear power stations in the UK before the end of the year. Hence it is very likely that demand will outstrip supply of Uranium in future years.
In the short term however NU. share price will move in line with the uranium price which is clearly going down at present. Has it hit the bottom: who knows?
Given a new U308 prioce of $75, the NAV should be around £2.63, so I would expect another drop tomorrow of 20p or so. Just my opinion of course, and DYOR. FYI I'm not a holder YET, I'm waiting for this bear run on Uranium to end and then I'll buy back in, and hopefully hold for a long time. I think theres money to be made here.|
|praipus: Share price graphs can only show the past.|
|cootuk: I couldn't see how they can get REAL value from the company.
They appear to buy and hold uranium oxide, but not trade it.
Management and storage charges will therefore eat up some cash each year.
It seems that they may be an all-or-nothing type of venture by holding until a suitable time then selling off all their stock.
With the share price well ahead of the NAV then timing is everything - get in early and you reap the rewards as soon as you recover the 15-20% spread.|
|cootuk: Here is a spot price table of uranium over the last 5 years.
Adjusted nav compared to share price
31st July.....adj nav=190p
31st Aug......adj nav=196p.......sp=235p.......20% premium
31st Sept.....adj nav=215p.......sp=260p.......20% premium
31st Oct......adj nav=228p.......sp=260p.......14% premium
31st Nov......adj nav=233p.......sp=275p.......18% premium
For december the spot price of U3O8 is $72 cf $63.5 last month.
There should expect nav to rise roughly *72/63.5
therefore expect nav approx 264p....sp=305p...16% premium
To me if you're looking for a play on uranium you either by an explorer, a producer, or a pure product..
Explorers have the risk of exploration.
Producers tend to have uranium as a bi-product (Anglogold Ashanti, who part own Nufcor, are an example).
Nufcor appears to be one of the pure plays on the price of the commodity.
Proposed new nuclear power plants
With the loss of a major Cameco mine due to flooding, will we see a peak in pricing?
Nufcor Uranium share price data is direct from the London Stock Exchange