Forget about Book Value. The assets could be crap. The EPS estimates are about 9 months old. I look at the Commsec forward EPS estimates too, and gave up on them along time ago. I would love to see if anyone can come up with any VALID EPS estimates for 2012/13 based on facts going forward, not past promises. This is the big issue for NMS In the last 6 months I have not seen ONE forward looking P&L estimate. All we have seen is the last 6 months disastrous performance. What does the future hold? And by the way did anyone notice the great results for Mermaid Marine and Miclyn Express for the last 6 months? Companies in a similar space to NMS. Guess whose lunch they have probably been eating, and how is NMS going to get those customers back?
NMS Price at posting:
4.5¢ Sentiment: Hold Disclosure: Held
