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tonyg

220 Posts.

21/05/15

19:38

Post #: 15327264
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Originally posted by ozbecool ↑

NOD failed to generate any icome for years and now this. what a joke... just wait when the insanity settles down and directors start selling ... just to remind you of the reality announced 28Feb2015: excerpt:
- 59% reduction in revenue for the McGrath business compared with the Half Year FY2013.
- Impairment of Goodwill of $15.1m in the McGrath business
- EBITDA loss of $5.1m for the Nomad Rental business
- EBITDA loss of $0.7m for Nomad Eastern States (discontinued operation)
- impairment charge of $0.4m on the Derby Houses in the Rapley business resulted in an EBITDA loss of $0.3m.
- Cash flow from operations was negative $4.1m.

Then the above explains ,
why the SP moved up steadily recently

why Director David Bottomley, recently spent $300,250 cash for participation in share placement. $352,500 in management and underwriter fees in lieu of cash.
-
Diretors don't normally spend that sort of $, unless they expect the SP to go up.

I'm no expert , so DYOR , but I believe, NOD SP will continue to go up, rather than go down. GLTA

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NOD Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
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