Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Can we please have your updated views on NIC following its quarterly report. Did the report exceed your expectations and what are your views now on NIC in general, and on the nickel price/market going forward?
Hi Darren,
NIC hasn’t really moved since late July illustrating the ho-hum market reaction to NIC’s result, one we’re not inclined to fight. NIC’s first half 2023 earnings missed expectations by 2.9% on the revenue front, although it was up 81% year on year. Margins were lower on higher expenses, the same story, different day.
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