SPP for NCK
To the MM team, My question relates to the NCK SPP. The SPP shares are valued at $13.25, which is about 10% below today's NCK share price. So my question, I know that with scale backs people probably wont get their full allocation, but even so it seems to make sense to sell NCK today, apply for the SPP and hopefully book a profit. Even if there is a scale back, surely the NCK share price will drop slightly towards the SPP price, giving a buying opportunity. I know that this is more short term trading than investing, but would still appreciate your thoughts.
