spike in volume and price, page-3

WHY...I very much doubt NTC is going to release guidance for FY12/13. If they intended to, they would have done so by now. This indicates that the FY12/13 results will be roughly in-line with the FY11/12 results. If NTC were expecting a material deviation from the FY11/12 results they would be obliged to inform the market.

This makes sense as the contracts that could have a (and probably will not) material impact on the FY12/13 results are:

NBN: NTC have already stated that ramp-up will occur in late 2013.
Vodafone: Devices to be available in March 2013; no estimates of expected units.
Cubic: Only the pilot units will be shipped in December 2012 with commercial shipments set for deployment in 2013.
Grid-Net: Still no word on a commercial deployment.

So, barring any surprise announcements, I think NTC will plod along nicely, make a similar profit in FY12/13 (compared to FY11/12) and see a massive and sustainable increase in FY13/14.

As for the recent market activity and share price movement, well, I am guessing:
1) The trade volume is so low that any spike in volume is bound to cause a spike in the price; or
2) Some investors are looking towards FY13/14 and beyond. Based on this metric, NTC is very cheap.