afr article today (page 48)

I will try & do a bit better summary than my earlier post;

Under banner; Nexbis trumpets new projects after downgrade (by Julian Bajkowski)

*Nexbis moves to calm jitters over cash flow visibility.
*Refers recent market announcement re project pipeline
*Analysts say deals could be $300m extra revenue a year if three new pending projects won
*Rosy update follows unexpected downgrade by ABN AMRO Morgans who said cash flow was weak & did not validate contracts, ... poor shareholder communications made them nervous
*Believed Nexbis executives cancelled planned investor briefings in order to complete a deal for nation-wide identity document in Asia
*Foresight Securities more confident maintaining buy
* One analyst says expects will trade at discount until the cash flows