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New Zealand Refining (MIR 663)

NZR

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I have been a staunch bear regarding NZ Refining for some time, but I know many subscribers have waiting for a signal to get back in. Getting in too soon into a share that looks cheap (but isn’t) is a common problem and I hope subscribers took my advice in June (MIR 635) not to buy NZR at $4.15. At the time, a reader had asked: “I sold [NZR] on our advice at $5.05 but note we are today back to $4.15. What is your view please”. I concluded that ‘the signs are just n ...
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