I will try & do a bit better summary than my earlier post;
Under banner; Nexbis trumpets new projects after downgrade (by Julian Bajkowski)
*Nexbis moves to calm jitters over cash flow visibility.
*Refers recent market announcement re project pipeline
*Analysts say deals could be $300m extra revenue a year if three new pending projects won
*Rosy update follows unexpected downgrade by ABN AMRO Morgans who said cash flow was weak & did not validate contracts, ... poor shareholder communications made them nervous
*Believed Nexbis executives cancelled planned investor briefings in order to complete a deal for nation-wide identity document in Asia
*Foresight Securities more confident maintaining buy
* One analyst says expects will trade at discount until the cash flows
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- afr article today (page 48)
afr article today (page 48)
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