Anybody fancy a Northgate?

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north1 - Tue, 02 Jan 01 :

overall the share has done well in year 2000.
from a range of 30-40 jumped to 80's and even now at 66p it is not a bad return.
the shares are going down INCLUDING NIS.
I am into NIS since april and realised that the shares are not worth more than market price. I made a mistake of falling in love ...
after all it will make a few milion profit and market cap is £200M+.
there is absolutely nothing wrong with NIS, on contrary- all good news, apart from valuation. Is it really worth 80p ? Or 150p ? The same problem is evident across many sectors of the market.
IT IS ONLY WORTH WHAT PEOPLE ARE WILLING TO PAY FOR IT. Now at the moment that is 66p and will be less and less for some time to come. I will be watching at around 50p again.
No bad feeling though- I have not lost any money on NIS.
It will be a great medium term (12 months!!) share.
all the best


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