For the first time in a long time, Norwood have more assets than liabilities. This is not due to company performance however, losses for the period got worse, it's due to a bail out from shareholders.
During the December raise Norwood said funds would go to working capital. In a way that happened, it just went to working capital already spent. $1m of it went to paying creditors down and reducing borrowings.
Like every other report this is filled with hopes, anticipations and expectations. I'd be interested to know how Norwood plan up increase revenues from Optus if they don't land a deal? As always, anticipating a deal and actually landing one are a long way apart for Norwood.
All this report reveals is the financial position, all the commentary is just more fluff.
For the first time in a long time, Norwood have more assets than...
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Mkt cap ! $23.20M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 4.9¢ | 4.9¢ | $3.063K | 62.5K |
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| No. | Vol. | Price($) |
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| 1 | 62501 | 4.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 5.0¢ | 129458 | 1 |
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| Last trade - 15.55pm 07/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 4.9¢ | 4.9¢ | 4.9¢ | 647 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| NOR (ASX) Chart |