https://www.netcommwireless.com/investors/broker-contacts
Most of these brokers have a target price of mid to high 2s and that's before the latest win and an expected re rating. Over twice the current SP. So what's going on?
IMO, even with these large revenue boosts the market has no confidence that NetComm can make a profit and pay a dividend. With their disappointing track record I don't blame the market. I'd like to see NetComm have enough confidence to give profit guidance and reinstate a dividend. With the company's positive outlook returning some of their future profits early seems reasonable to me.
I doubt this will happy so looks like we're stuck in the trading range of 1.10 to 1.40 for a while longer.
I haven't bought any recently. I've got plenty.
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