NOR 2.08% 4.7¢ norwood systems limited

Poss ANN. Inclusions, page-11

  1. 1,776 Posts.
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    I really hate these comparisons to companies like that, those valuations are only for market leaders, with a critical mass of users and data about those users.

    Nor currently has 4+ million downloads, fine if even a fraction of them had bought credit we would have made a couple of million dollars so far, instead we are looking at making less than 1 million (700,000 last I heard, hasn't changed in months), given credit (cheapest) cost 10 dollars, and we've made 700,000 this means that of those 4 million only 70,000 people have bought credit. Probable less when you consider multiple purchased. How many phones is this still installed on?

    Who knows what the value of a user is for world phone. But 3,930,000 have never spent any money by the looks of things sop they are not worth anything from what I can see!

    Feel free to correct my maths!
 
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