Opened new postion in NCHIPER NCH. IT tech security play. A momentum investment punt for me which is rather unusual but the stock at around its present price is only just over its net current assets of 38 million at 30/09/2003. US customers have defered orders but with the growth figures coming from across the pond this week and business acivity picking up in general I thought at this price the stock was too cheap to overlook. Market cap circa 42 million.

Broker Durlacher has a 225p price target.

Please DYOR, you are responsible for your own buying and selling actions.

cheers GF.

Yep Redstone, Thanks.

Up again this morning.

gf.

Does anyone know why - except that price had dropped close to NAV?

B1, deffered orders in the last quarter, but they have now been booked in this quarter. Think its all in the last RNS.

cheers GF.

The bid ticked up to 162 in the last 15 mins on Friday and is still there. The spread has widened as the offer is up to 167p, though. only 6,000 traded so far today.

Up 1p on the day on low volume.

gf.

Up again today on low volume. Sometime now analysts are going to realise this one is very cheap, just trading above its cash.

cheers GF.

Up 4p this morning and bombing.

GF.

Dropped a few pence of late. A sure bargain worth buying into.

cheers GF.