This is a low liquidity counter that is flying under the radar.
Established bottom in mid-2020 at 0.200. Currently is up 112% at 0.420.
While it does not boast aggressive rallies like Propnex/Hourglass/Frencken, Nordic is still handing around the 52 weeks high and is largely unaffected by market volatility. It has quite a healthy balance sheet. Their 2021 financial result, which was released yesterday (21 Feb 22), was spectacular. 27% increase in revenue, 153% increase in profit. They are paying 50% of their net profit in dividends which is more than their 40% policy. At the current price, the dividend yield is at 2.89%.
If you are afraid of current market volatility, and if you do not mind slow-moving counters just to park your money for a year, Nordic may be a good choice. Sometimes, having a less volatile counter in your portfolio can be a good thing.
Established bottom in mid-2020 at 0.200. Currently is up 112% at 0.420.
While it does not boast aggressive rallies like Propnex/Hourglass/Frencken, Nordic is still handing around the 52 weeks high and is largely unaffected by market volatility. It has quite a healthy balance sheet. Their 2021 financial result, which was released yesterday (21 Feb 22), was spectacular. 27% increase in revenue, 153% increase in profit. They are paying 50% of their net profit in dividends which is more than their 40% policy. At the current price, the dividend yield is at 2.89%.
If you are afraid of current market volatility, and if you do not mind slow-moving counters just to park your money for a year, Nordic may be a good choice. Sometimes, having a less volatile counter in your portfolio can be a good thing.
Join our telegram channel to receive free analysis videos and timely analysis updates.
t.me/joinchat/AAAAAEpysoIiZLpAi-2kTA
Our Patreon link
patreon.com/nimbuscapital?fan_landing=true
t.me/joinchat/AAAAAEpysoIiZLpAi-2kTA
Our Patreon link
patreon.com/nimbuscapital?fan_landing=true
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our telegram channel to receive free analysis videos and timely analysis updates.
t.me/joinchat/AAAAAEpysoIiZLpAi-2kTA
Our Patreon link
patreon.com/nimbuscapital?fan_landing=true
t.me/joinchat/AAAAAEpysoIiZLpAi-2kTA
Our Patreon link
patreon.com/nimbuscapital?fan_landing=true
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.