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ALGO Update: NCM & EVN

NCM reported a strong earnings result and forward guidance will be supported by higher revenue and lower costs.

Gearing is now at 12% and with gold prices likely to rally from the current oversold levels, we see scope for NCM and EVN to find buying support in the near-term.

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Both stocks have gone ex-dividend today and paid 15 cents and 4 cents, respectively.

 

 

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