NBS 0.00% 9.9¢ nationwide building society.

analysis of prelim final report, page-13

  1. 282 Posts.
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    I lost a heap of dollars on this stock, ... I now hold no stock.

    In the end whatever the degree of gullibility I had,... ;-) the pattern of general lack of disclosure, the ambiguity in what disclosure was made left me to reach certain adverse conclusions about the Directors & management of NBS. Just how the auditor, an apparently established reputable firm sits comfortably? amongst this scenario is beyond my gullibility. ;-) Just what the ASX thinks of this is not known. but if NBS is at an acceptable level of disclosure it cannot give anyone any confident about the ASX listings regime, ... its certainly breaks my gullibility quotient about a well regulated ASX market.

    Its high farce - for those who attended the last AGM - the CEO said their shareholder relations were "terrible" & they were going to work on this. You can see the result.

    Remember I think they were going to start paying dividend this year?

    I see an institution has just purchased more shares - wow!

 
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