NBS 0.00% 9.9¢ nationwide building society.

Yes at the AGM the Dato said NBS public/investor relations were...

  1. 282 Posts.
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    Yes at the AGM the Dato said NBS public/investor relations were "terrible". This suggested he was going to address this issue however there is no change evident. Peter Dykes had a lot of votes agin his re-election as Director at the last AGM, ... he would not want another vote anytime soon because he cannot have gained many supporters since then & probably lost a chunk more, ...

    Remember the $200m USD contract with "China" has not been repudiated by NBS & whilst I don't think this has ever been said in a public way, the explanation given to me was the income flow from this contacts would be random or to use the NBS jargon "non linear" as various Chinese Provinces got to roll out stage. It does beg the point as to when the next tranche might be reasonably expected especially as its such a significant contract for NBS.

    Its hard to see how ASX & other parties have tolerated this limited disclosure. If NBS has not repudiated the China contract, the market however has repudiated the China contract, ... this is inherent in the share price. ;-)
 
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