Nico Steel   

Nico Steel

now it seems this stock is climbing slowly, with a resistance of 0.5 which it touched 2 days ago. 1 thing about this stock, it is when it moves, you cant chase because too fast. i would hold it because it has no sell signal yet, and some more with a slowly steady growth this few days.

below the news which has approved the dividend and bonus share.

http://info.sgx.com/webcorannc.nsf/560dd4b031b97d27482571b20043d38c/fa44a12d4a3a1f3048257308003c9e9c?OpenDocument

 

yes i totally agreed. this is due to its very good fundamental of this stock. i share some of my experience at this stock.

- it is at right sector (steel), it is at right market (china), and it transfer its focus from Harddisk to electronic consumer with impressive and agressive growth.

- the profit and revenue has been growth ~40% and expected to grow more even in future due its new plant in china.

- the bonus share and dividend paid out again prove its profitability.

- with PE 20x, and growth of double digit of profit every quarter, the share price is expected to grow in double digit too.

- this stock has not discovered by analyst yet, heard from my broker, more good news will  come out and it may attract more analyst's attention.

i monitor this stock long time ago, it is rising and then stop at the same price a while before it shoot up. i pyramiding my position at every price it was stoping like 0.24, 0.28, 0.38, 0.45.

hope i am right and it will shoot up after tmr's AGM.

 

This counter has appreciated too fast, too furious. Need to let some steam off before continuing with the climb.

 

tomorrow is the AGM / EGM meeting. besides the good news of new plant in suzhou, bonus share and dividend approval, hope it got more good perspective news to come .

happy trading.

 

hi guy,

finally i found a forum who is discussing Nico Steel !!! i am new to share junction. i did some research, and closely monitoring this stock. ya you guy were right, this stock is slow and steady, i believe it will shoot up this week because the AGM of this Thur to approve the bonus share and dividend. it shot up 2 weeks ago after SGX approved the bonus share, my broker told me that it will shoot up more near the AGM approval which is this Thur. today is the first day of rising only :)

somemore today it got a big good news. look at below link, the CEO has released to media and i believe it will attract more buyers. below really good news.

http://info.sgx.com/webcorannc.nsf/560dd4b031b97d27482571b20043d38c/8dfdfeadb0360e5948257304005876ba?OpenDocument

Nico has excellent financial performance and also it is at the right sector (Steel) and right market (china). its revenue contributed by china has been increased 24% and expected much more after the new plant has been approved to built.

today's price has been shot up to 0.50 and pull back before market closed. i think it is due to the sentiment because regional market was bad. it affect across all the top active today like penguine, yongnam, armada, etc.. u can see, they all pulled back before the market closed. now at this minute Dow is up 110 points, i believe the buyers will come back tomorrow.

just my 5c analysis. i bought this stock at 0.455 and still happy holding it. cheers for nico !

good nite bro.

 

Hey guys, I the one who start the thread at the price of 0.28 ~ 0.30. From my opinion, I think is time for profit taking. I had let go 90% of my holding of this counter. We got to know something goes up will come down. Anyway this counter can be kept for long if u got the patience. Pls plus one for me if u think what i said is true~

 

Slow and Steady???? Today trading price is like shooting thru the roof, any news???

 

What a gain!!!

 

Hee! Told u guys liao. More to come :P

 

shoot up so far up...guess now can't enter already...argHhh

 

- collecting momentum steadily
- movement resemble counters like federal
- slow and steady

 

From the chart of this counter still look strong. It just slow and steady.

 

ahxing, any comments on the fundamentals of this company?

 

More to cheong~~ I am in there for long! Cool. 

 

wonder if this will stay stagnant at $0.34 or spur up tommorow again! TA looks good though the breakout was on last Thursday..this still has the potential yea~! any other analysis or comments for Nico Steel?

 

the charts look good on Nico Steel...just bought it...hope it will rise in this wk

 

I am in this counter for long. Ever since i posted my first message on this nicosteel and recommend a good buy. Hee! I believed there will be more up than down. Soon it will announce its bonus. More positive outlook. As steel is in demand in near future.  Give me a plus 1... Haha..

 

Anyone know when is the AGM? Waiting for the next uptrend....

 

Volume rather low today...

 

More to come.. Wait and See~ There is demand.