At least they finally got a real bank the write the presentation!! Clearly a corporate finance presentation though!!
They need to simplify the presentation in the key messages and shorten it a lot i.e. pure play on mobile ecommerce, are leveraging the platforms, customers, advertising and security of some of the biggest banks in the world in the largest and fastest growing ecommerce market globally, selling products for Tencent, China Mobile etc, partnership with UnionPay, already profitable and will list in US in next 6 months with JPM already appointed -> 100-200% upside!!!
NNW is in the sweet spot of china tech at the moment, it is just a pity it is on the wrong stock exchange, with the wrong promoters, management/board needs beefing up and it needs a bigger freefloat. Most of these issues are currently being fixed, but they should never have occurred in the first place and NNW and Investorlink are being very slow about it!! Let's hope they get their act together before the china tech bull market comes to an end!!!!
NNW Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
