presentation of results, page-35

Farlap, good point, but it comes back to what the stock is trading at, or what value the market is placing on it, compared to the performance/potential.

Ok, so NBs missed expectations (not by much, but according to the market they did)

But assuming NBS's customers pay up - which is genrally how it goes in business we are looking at a p/e of under 3 and now a dividned yield of maybe 10%?

So assuming NBS continue to collect $$$ wouldnt you say this stock is cheap at current levels?

Ok if it turns out that this stock is a dog well ok that means we've all been taken for a ride. but what happens if NBS collects all the $$$ and then pays out 50% of earnings in dividends this current fin. year? all of a sudden NBS is a RAGING bargain.

what has confused me is the apparent assumption by the market that NBs simply wont receive it's $$$ from contracts/customers.

That's all.....