I have been a follower of this stock for about a year now and i must admit at times management have really tested my patience. But i sense a change of sentiment is around the corner. I know they havn't announced the malaysian deal this week on the asx but my research has discovered that the Biometric fingerprinting system is now fully installed and operational as of the 1st of June in every entry/exit point of malaysia. If you look on the New Straits Times and the Star online websites you will see this. I believe that they are just waiting on the malaysian government to make the final announcement before nexbis can announce anything to the market. There was a cabinet meeting sometime in May which was suppose to determine how the levy for nexbis would be administered. This could be the reason for the hold up. So with the Malaysian deal very close to fruition and ongoing revenue not far away (if not happening already) i believe things are starting to come together. Add the reinstatement of the Maldives deal with the China gas tank deal in its final pilot stages we may see a re rating of the share price in the near future. I am also happy to see that the board are no longer spruiking big contracts but instead focusing on getting the job done and trying to add shareholder value by taking their time to make sure these projects are administered correctly. I would love to hear what other shareholders think about the future of this company except for you TBE. We all know your thoughts on this company so dont bother replying to this. Good luck to all long term holders of this stock. I hope we are all rewarded for our patience. Interesting times ahead.
NBS Price at posting:
9.7¢ Sentiment: LT Buy Disclosure: Held