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4.26% 4.5¢ norwood systems limited

Ann: Norwood partners with Visa, page-17

  1. growler1969
    7,323 Posts.
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    21/11/17
    09:54
    Post #: 28973756
    Seems everyone has seen the name "Visa" and that is enough.

    Did anyone click on the links in the announcement?
    https://www.visa.com.au/pay-with-visa/offer-detail.html?offerId=119718

    $25 for 500 minutes with second line free for 2 months.
    Redemption period: 18 October 2017 to 31 December 2017.

    Hmmm.... This is date correct? How can NOR release a "price sensitive" announcement, 1 month AFTER the redemption period? Wow.

    No wonder the price sky-rocketed from 1.5c since mid-October.

    Additionally:
    1. what would be the uptake considering most people travel in January?
    2. What are the margins on 500 minutes?
    3. Why will the Visa channel be more profitable than the Google/Apple channel from WP V1? No wonder the BoD went for a quick raise.
    Last edited by growler1969: 21/11/17
    NOR Price at posting: 2.6¢ Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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