The dollar is sinking They haven't changed their outlook for the year
NTC does seem very cheap to me as well. I guess alot of people were disappointed by a very surprising first half forecast.
Unfortunately Netcomm hasn't been the most reliable in maintaining revenue. A similar fall happened a few years ago. It went up to 38c before falling to 5c.
At the moment I think the selling is being driven by pessimism and a not so great track record.
I also think the Netcomm board are more transparent than most so I am very hopeful they will deliver results as expected or better.
Any positive announcements should give NTC a nice boast.
NTC Price at posting:
19.0¢ Sentiment: None Disclosure: Held