More like watching a runaway train headed for Receivership Gorge.
A significant change to NOR's revenue trend is required for me to feel confident about buying NOR.
As for the quarterly - it is telling that management have only given figures to 31 March. It's May now - where are the April numbers? Are they terrible? I'm betting yes, seeing as management have previously been trumpeting increased "Cumulative Revenue" on a fortnightly basis. Conspicuously silent, in my view.
It feels good to have grudging respect from some of the people on this board. Rewind back to January I recall hoots of laughter when I mentioned I had worked in Optus for 7 years (Someone suggested I was in the call centre. Not so - 18 months in engineering and the rest doing sales into State Government). I have invested in BGL and AMM to great success. I understand the telco business. But you don't need to be a telco expert to understand why NOR is not looking good right now:
Losing Money
Revenue declining
Lack of consistent and clear data from management
I don't care about the tech. Do they make money? No.
NORLotto, page-28
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Last
4.7¢ |
Change
-0.001(2.08%) |
Mkt cap ! $22.32M | |||
| Open | High | Low | Value | Volume |
| 4.4¢ | 4.7¢ | 4.2¢ | $19.38K | 424.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 231096 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 142144 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NOR (ASX) Chart |