good buying today, page-9

Apparently there was some expectation with brokers that NBS may have announced a dividend on the results today.

Although the NPAT numbers were around expectation, When the "no dividend" was announced the ST traders dumped it.

Simple as that

I did write an email to the Company and expressed my displeasure with the less than impressive presentation.

1. It lacked detail on pending deals
2. There was no FY10 profit guidance (There are broker reports around the place with NPAT figures of 80 million). Nothing from the Company though.
3. It was less than impressive for a state of the art technology based Company

The market cap of the company dropped by around the same amount of the NPAT lol. I'm sure a follow up announcement won't be far off. Many others would have called/emailed and given them a serve.

I'll hang onto my shares