NWT 0.00% 11.5¢ newsat limited

up up and away, page-27

  1. 261 Posts.
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    Hiya guys,

    Newsat gets some coverage in the Australian today:

    Pennies from heaven: microcap stocks
    Tim Boreham From: The Australian December 08, 2010 12:00AM

    "Defining the sector is not a precise art: the penny dreadfuls are often defined as sub-10c shares, but these stocks often boast a weighty market capitalisation because of the number of shares on issue. For instance NewSat (ASX: NWT), which plans to launch Australia's first independently owned commercial satellite, boasts a $40 million valuation even though its shares are trading at a fraction of a cent."

    http://www.theaustralian.com.au/business/wealth/pennies-from-heaven-microcap-stocks/story-e6frgac6-1225965415006

    cheers
    billdah



 
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