NBS 0.00% 9.9¢ nationwide building society.

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  1. 70 Posts.
    chrisgia - i know the company has let us all down and shareholder communications have not been the best especially in terms of being a bit too positive about outlook.

    However it does appear things are coming together and there are good reasons to hold (listed elsewhere). Also article on increasing foreign worker levies is part of this story and a positive. What we are really waiting on now is confirmaiton the Malaysian agreement has been signed. This is due by the end of this month and although i have no reason to think this I wouldnt be surprised with a few weeks delay. From what I understand the installation of the Malaysian border control system is going well and will be in place within4-6 weeks. The next key will be receipt of cash. At some point between now and receipt of cash (say June 30) the shares should go for a run (all things going well). I suspect it may take invesotrs to see the cash to really get excited but you never know.

    So I am hopeful the compoany will end up being one of those companies that suffered delays and ended up in the dog house for a year or so and then go for a big run when it comes together - think M2m.

    that being said there are still risks. As for your timeframe if this all happens it will happen between now and the end of June.



 
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