Analysts from Macquarie are soon to tour Nickel Industries Ltd's Indonesian operations, but have issued a positive research note on the company ahead of the visit.
Nickel Industries said its Hengjaya mine, conversely, had been performing well, with record monthly nickel sales of 1.6 million tonnes in August.
Macquarie has a share price forecast of $1.25 on Nickel Industries compared to 79.25 cents now.
3 sentences from our version of the report,
chosen to cover it. Nothing here is written; every line is in the article below.
How
Headline check
One of the three things this headline claims did not turn up in the report.
The figure “57%” is in the headline. We could not find it in the report.
Figures, names and quoted words in the headline, looked for in the report itself — not in the summary above. Figures are matched digit for digit, so a report that writes “forty per cent” out in words where the headline wrote “40%” is queried here when it should not be. How this is checked
The article, shortened and in plain language
Analysts from Macquarie are soon to tour Nickel Industries Ltd's Indonesian operations, but have issued a positive research note on the company ahead of the visit.
Nickel Industries last month reported a strong financial result for its first half, with revenue up 13.1% to US$938.4 million and net profit up 365.8% to US$52.5 million.
The company has hit a barrier since then, as the ramp-up of its Excelsior Nickel Cobalt HPAL project has been interrupted by dry conditions in Central Sulawesi, Indonesia, which have constrained water supply to the operation.
Nickel Industries said its Hengjaya mine, conversely, had been performing well, with record monthly nickel sales of 1.6 million tonnes in August.
Managing Director Justin Werner said re the update:.
Combined July and August Adjusted EBITDA from operations of about US$90 million shows the earnings capacity of the broader business.
Macquarie has a share price forecast of $1.25 on Nickel Industries compared to 79.25 cents now.
Shortened to 1 minute
of reading, this version reads 6 on the Niral Score.
You are reading our version, not theirs.
This is The Motley Fool Australia's report shortened to its most important sentences, in plainer words, with
verdicts and loaded words taken out. Plain description stays, and so do adjectives
that carry a fact, such as "former" or "federal". The reporting, the facts and the quotations
are theirs — quotations are never edited — and the indicators beside it measure
this version. Hover or tap Adjectives to see every one left in the text.
How this outlet filed it, and how we rewrote it
No other newsroom we read has filed on this event, so there is nothing to compare it with yet.
Readers can ask a question about this story here.
Questions and answers are for subscribers.
Sign in
to read them.
Comments are read before they appear where anything in them needs a person to look.
Nothing posted here is ever deleted; a comment taken down keeps its text and the reason,
so the decision can be looked at again. How this works