Big_Phil10 Dec 2009 20:50
well, the fears about spain turned out to be unfounded(so far) although they were legible, as seen by NTG reporting they still feel uncertain about spain although utilisation rates have increased to 87.6% from 79.9%. the fact that they are not declaring an interim dividend won't be well received by the institutions but it sounds like this will be just one blip, may be reinstated in the next scheduled payout, depending on performance in H1 2010. so in all, i feel 200p will be a good support line but there is a chance it could fall a little below that.
if mike's calculations are correct(i'm a little lazy to calculate at the moment) and 218p is the NAV per share, then buying at 200p is ok in the long term. but for a share that is currently not paying dividend, i will buy at perhaps after a flat line at 180p(pure estimation) to allow for a little loss if things doesn't go well for NTG. even if NTG rebounds at 200p, i have no regrets as shares are doing my head in at the moment - haven't been trading much. the banks' dirty laundry being aired at the moment isn't helping much either.
not much help, am i? lol...