Chart 1: NARRA's daily chart as at June 13, 2014 (Source: Tradesignum)
Chart 2: NARRA's weekly chart as at June 13, 2014 (Source: Tradesignum)
NARRA is in the midst of a restructuring which will turn it into an attractive cement stock.
1) A 2-to-1 capital reduction to be followed a 2-to-1 share consolidation2) Acquisition of 100%-stake in Hume Cement from HL Manufacturing Group and 175m ICPS in Hume Cement & 100%-stake in Hume Industries from HLInd. These acquisitions will be settled by issuance of 448m new shares.
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, NARRA.