Their inability to secure contracts is a critical problem and will lead to a board spill before the next AGM. A second strike is very much on the cards. If the AGM was being held today they’d be out.
NTC is finding it very hard competing with the larger players. Their fixed wireless strategy is under a lot of pressure, especially from Nokia.
Their marketing and communication needs more work. We are still mostly in the dark about what real opportunities they have and how many. I feel they are all talk with no substance. They have and are developing great products but it’s not translating into contracts. So much investment with so little return.
The board needs to accept things are not working out and make changes. Number one on the list, put Steve Colins on the board, and number two, all of them, apart from David, need to buy shares. Apart from David the level of ownership is worrying.
NTC you’re running out of time to get your sh!t together.
NTC Price at posting:
71.5¢ Sentiment: Buy Disclosure: Held