What’s Happening to the Share Price of Nomad Building Solutions Ltd?

Nomad
Reddit

What does Nomad Building Solutions do?

Nomad Building Solutions Ltd [ASX:NOD] is a diversified group of construction, manufacturing and property development businesses operating throughout Australia.
The company is a regional and remote area specialist.

They do everything from houses to construction villages, to hospitals to resorts, apartments, police stations, land subdivisions, office blocks and more.
That’s interesting, but what is the chart telling us?

What does the chart look like?

I find it helpful to bring up a chart. Here’s the daily chart of NOD.

Nomad Share Price

Source: STEX

Getting more expensive to buy.

What now for NOD shares?

The last significant announcement was the half yearly report, released in late February. That announcement wasn’t very positive. One could speculate that perhaps earnings improved for the second half of the financial year. Let’s wait and see.

If you have an understanding of the 18 year real estate cycle, you’ll know this company is in a strong sector presently, which may have some time to run yet.

You can get a better understanding of the real estate cycle here. You remain at a substantial investment disadvantage without it.

Cheers,
Terence Duffy,
Research Analyst, Cycles, Trends and Forecasts

Join The Daily Reckoning on Google+

Reddit

Leave a Reply

Be the First to Comment!

Notify of
avatar
wpDiscuz
Letters will be edited for clarity, punctuation, spelling and length. Abusive or off-topic comments will not be posted. We will not post all comments.
If you would prefer to email the editor, you can do so by sending an email to letters@dailyreckoning.com.au