There is no doubt, Neil, that you are by far the most thoughtful contributor among the bullish posters, and I commend your breadth of knowledge. I also have no doubt that you have been an astute trader/investor in this end of the market.
At the risk of appearing churlish, to claim that Norwood's EPS grew in the last financial year by 65% is a bit rich. Off the top of my head, they produced a loss of over $6 million. EPS growth ? I think you are kidding.
As you might have noticed, I am very bearish on this stock. Maybe my thinking is coloured by having bought 3 million at 3.9 and selling them at 2.9, and I accept that sour grapes might be a factor.
Nevertheless, I will continue to ask the fundamental question: if there is minimal revenue in the current quarter and little prospect of an improvement in the December quarter, how will Norwood survive ?
I would like nothing more than to bite the bullet and buy 5 million at 1.5 and sell at 2.2 to recoup my losses. And there is a chance that the stock could bounce to that extent. Maybe a party in the same industry could be placed with say 200 million shares at 1.5, guaranteeing solvency and promoting enormous confidence. But it is a very long shot. In the absence of this or a similar move, the company is spending $12,000 a day, seven days a week, and it is unlikely to survive.
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4.7¢ |
Change
-0.001(2.08%) |
Mkt cap ! $22.32M |
Open | High | Low | Value | Volume |
4.4¢ | 4.7¢ | 4.2¢ | $19.38K | 424.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 231096 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.7¢ | 142144 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.045 |
1 | 51759 | 0.042 |
1 | 13888 | 0.041 |
3 | 450000 | 0.039 |
1 | 255000 | 0.038 |
Price($) | Vol. | No. |
---|---|---|
0.047 | 142144 | 2 |
0.048 | 61184 | 1 |
0.050 | 588941 | 5 |
0.052 | 20074 | 1 |
0.056 | 60000 | 1 |
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