NOR

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4.0¢ norwood systems limited

Revenue and income: The saga of NOR, page-4

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Fender004

767 Posts.

30/04/16

22:51

Post #: 17643499
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Originally posted by webbj ↑

That fine analysis was by @brentv not me! If you want a valutaion above $30m market cap though... easy peasy.

Next month, they just sign a white-label deal with Vietnam post, its only worth $150k and gives them unlimited free calls for all their users. Then they do something similar with Mynamar Telecommunications, that deal though is worth $100k

Then, the announce an a 200% increase in worldphone sales, this puts them to nearly $3million for the year revenue.
Great news all round. Never mind the cost of supply the service, top line revenue would be much higher.

Except then both the unquoted performance shares would be triggered;

A) $250k worth of deals signed with the South East asian shares would mean 78 million more shares
B) The 3m worldphone cash - even if its not profitable - combined with the 2x contracts above, push above the $3m revenue threshold and trigger another 78 million shares to be issued.

If those are excersied, there would be just over 1 billion shares quoted - at current prices, that's $40million

There are also 50 million 2c options, but luckily they are escrowed until 2018 mostly so a while before they would be of concern.

Expand

I always assume those perf shares will be issued - the company is worthless if they cannot meet those targets. In my mind there are 1bn shares on issue now.

NOR Price at posting: 3.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.0¢		Change -0.003(6.98%)		Mkt cap ! $19.00M

Open	High	Low	Value	Volume
4.1¢	4.1¢	4.0¢	$16.59K	412.0K

Buyers (Bids)

No.	Vol.	Price($)
1	30	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	61184	1

View Market Depth

No.	Vol.	Price($)
1	30	0.040
2	63888	0.039
2	305000	0.038
3	1575000	0.037
1	125000	0.036

Price($)	Vol.	No.
0.042	61184	1
0.043	1630000	2
0.046	46559	2
0.047	72500	1
0.050	500	1

Last trade - 15.55pm 09/08/2024 (20 minute delay)

NOR (ASX) Chart

Revenue and income: The saga of NOR, page-4

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