NBS 0.00% 9.9¢ nationwide building society.

I saw this one falling apart in the .30's and then jumped back...

  1. 155 Posts.
    I saw this one falling apart in the .30's and then jumped back in at lower prices and am now under water as most are.

    There are some big investors still holding on and it makes you wonder why. The directors have purchased millions of dollars of shares with their own money and it makes you wonder why.

    This company has won a long term gov't contract and is actively seeking and hiring in Asia so it is functioning business. There is room for them to grow in China as well. Mgmt has repeatedly claimed that they cannot divulge information on potential projects as it will bring more competition, etc. This leaves the avg Joe in the dark wondering what new projects they are seeking to win.

    The AGM should reveal the true course of this company- whether it's really turning around. They made some egregious mistakes with Trust Defender and communicating with the market, etc. but the key questions surround whether they learned from their mistakes and how they can leverage the win from Malaysia to secure new contracts.

    The downrampers here are interesting and this board is polluted by the exhaust of anger and frustration of past shareholders. It's almost the opposite of gold.ax. I've never seen so many people lurking on a board to trash a company - for so long- esp w/r/t such a small business.
 
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