The SP is weighed down by the Board reluctance to make earnings projections. This says a lot about the company’s risk profile. So the SP is based on a risk adjusted basis. It also goes to corporate governance. What basis is the Board making decisions on expanding the cost base if they have such a poor understanding of the company’s future? Shouldn’t the shareholders have some right to know the rationale behind financial decisions?
NTC Price at posting:
68.5¢ Sentiment: Hold Disclosure: Held