NBS 0.00% 9.9¢ nationwide building society.

Ann: Nexbis to Commence Malaysian Project , page-22

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  1. 70 Posts.
    if i can add my thoughts. I agree with Benhe that there are still risks but is looking promising.

    However rather than engaging in arguments where only time will tell id like to see if anyone has anything to add from their own research.

    Reading announcements the company has stated that the malaysian contract is "longer term broader scope". Looking at the AGM presentation its appears that it is more than the original contract which was for foreign worker visas and is also a full border control system (like Maldives). Also logical as Malaysia needs one. Should also note that this system represents an advancement on NBS's original technology which really was just the stickers and the mobile phone apps. NBS can now do border control and if so is another tick for current management who appear to have developed the application of NBS technology further. In terms of potential earnings note the statements do not say more $$$ but 'longer term broader scope'. the original contract stated A$60-80m and was based on receiving $$$ per foreign worker per year. The longer term and broader scope however is positive. As for how much earnings we shall see.




 
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