NSR has resided in our Hitlist for many months, the market’s current aversion towards property is steadily taking the storage companies’ shares down toward an appealing area for MM – note the stock trades ex-dividend 5.5c unfranked next week which will lower our entry target if we haven’t yet pushed the ”Buy button”.
- We like this storage business around 5-7% lower i.e. not far in today’s market.
MM is keen on NSR around $2.20
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