Q: Peter; I’m baffled by the trading in NPI. Last earnings beat estimates by a substantial margin. All the pundits recommendations re price are well above the current price. Could they be planning a large secondary issue - or ? Thanks.
Rod
Rod
5i Research Answer:
The last quarter was solid, certainly. We do note cash flow has dropped from last year, and consensus does call for lower earnings in 2025. This might be holding back interest, despite its low valuation. Debt is high, but that is very common for the sector. We have no reason to suspect an issue is coming, but that of course doesn't mean one is not possible.