Strong buying today suggests increasing bullish sentiment now starting to build around NBS.
Holders of NBS are banking on imminent positive news around the China and Malaysia deals - as these contain huge upside for the company in the event that the company can get these deals off the ground. Latest reports confirming the commencement of Nexbis rollout now underway in Malaysia suggests that the company is now well on its way to realising something very BIG.
The fact that the SP has been battered downwards over the past year can only be another plus for stakeholders who have got in at the current historic low SP - and are now hugely leveraged to any good news surrounding these contracts.
Time will ultimately tell with this one - and most likely within a short time frame. Many investors are starting to sense this now, hence the significant spike today in traded volumes.
NBS Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held