18/07/2023 09:24

Nickel Industries (NIC) 88c

We prefer IGO as a business to NIC although their relative valuations are starting to stretch with IGO +14.4% in 2023 while NIC is down -9.3% i.e. the trend of the last 12 months has been “the strong keep getting stronger and the weak weaker”.

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20/01/2023 09:24

3 Nickel Industries (NIC) $1.045

Yesterday saw Nickel business NIC recommence action on the ASX following a trading halt after a capital raise at $1.02 with funds largely used to acquire two producing nickel assets.

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15/12/2022 09:33

Nickel Industries Ltd (NIC) $1.03

NIC has fallen -28% year-to-date even while the commodity on which its business focuses has risen, albeit in an extremely volatile fashion. However, the stock has bounced almost 50% from its October low significantly reducing the risk/reward appeal in the process. Nickel is a very widely used industrial metal that should benefit from the transition to renewables as it’s used in rechargeable lithium-ion batteries.

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14/10/2022 08:46

Nickel Industries Ltd (NIC) 74c

NIC has endured a very tough decline since  Russia’s invasion of the Ukraine back in March, the stocks fallen almost 60% during this time and while on the surface it looks good value trading on an Est P/E for 12/22 of 7.1x and being expected to yield in excess of 5% over the next 12-months its just in the too hard basket for us until further notice.

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29/09/2022 09:17

Nickel Industries Ltd (NIC) 77c

In similar fashion to SFR & S32 Nickel Industries (NIC) rallied +32% from its July low but its subsequent 35% tumble is of concern.

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13/09/2022 09:04

Nickel Industries (NIC) 95.5c

NIC was the ASX200’s top performer yesterday rallying +6.7% following the companies update on its Hengjaya Mine’s mineral resource, the stocks endured a tough year falling over 50% but this was solid news for this nickel business:

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10/08/2022 09:07

Nickel Industries Ltd (NIC) $1.145

NIC rallied over +6% yesterday making it the markets 5th best performer but like LKE it’s been a rocky road for NIC correcting 50% from its March high after Russia’s invasion of Ukraine sent nickel prices soaring. There’s a lot going on with this company but its unchanged in almost 2-years while many other players in the space have rallied strongly, our view is to simply stay with the strength.

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07/04/2022 09:08

Nickel Mines Ltd (NIC) $1.24

Nickel business NIC has shown that just because a commodity in which a business operates rallies strongly doesn’t mean the stock is going to follow suit – in the case of NIC one of its largest shareholders was caught short when nickel basically doubled in 1-day last month leading to speculation of imminent forced selling.  The drop in the share price has since led to the company cancelling...

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09/03/2022 17:25

Nickel Mines (NIC) $1.405

NIC -4.75%: briefly traded to a 4 month low early in the session before the ASX halted trading in the shares just before 11AM. Major shareholder Tsingshan has been short at least 200koz of nickel forcing the price significantly higher in the recent sessions with fears it would send the company into default and cause a significant overhang on Nickel Mines shares. Tsingshan is also a customer and joint venture...

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14/01/2022 09:14

Nickel Mines Ltd (NIC) $1.63

NIC surged to fresh all-time highs yesterday as investors went in search of future facing cleaner commodity exposure. Were not excited around the risk / reward for NIC above $1.60 but if we were long it would be a case of place stops at $1.47 and hopefully hold on for the ride.

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