On Monday it will be 6 weeks or less to the AGM.
In those <6 wks. What kind of communication can the market expect from NBS' management/board?
- A company presentation on or before the AGM
- Analyst/broker presentations/road show
- Institutional briefings and insto activities in NBS.
Perhaps we saw some institutional action today as the robots worked the share price.
To me it looks like accumulation using algorithmic trading.
My market software tells me that today there were around 130 trades where the number of shares traded was for 827 shares or less.
Using today’s VWAP a third of today’s total number of trades were for a total value between 31.5c and $266 per trade!
At the other end of the scale there were about three dozen trades between $15K-$95K.
In my book it will be an interesting few weeks ahead.
The robots will create volatility but don't be fooled.
* Is the company about to go bust? - Don’t think so.
* Will the A/R situation improve? – I guess so.
* Will NBS pay a fat dividend next year? – I think so.
* Announce new ventures outside of Asia? - Perhaps.
* 20c NBS sp as suggested? – not even in your dreams!
I am holding and buying more for capital gain and yield.
DYOR etc. ……… and good luck whatever you do.
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