NOR
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2.04% 4.8¢ norwood systems limited

Ann: Quarterly Activities and Cashflow Report, page-8

  1. growler1969
    7,295 Posts.
    lightbulb Created with Sketch. 2270
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    01/05/18
    00:02
    Post #: 32785228
    Robbing Paul to pay Paul?

    In the update released beforehand, imo, management have finally come clean re: actual revenues from deals are much lower than guidance. Not just on 1-2 deals but, seemingly, across every deal.

    How can anyone trust anything released as an ASX announcement by this company?

    Previously, NOR and the 2-3 HC bulls seemed to be pumping Vietnam telco then Affinion then the Credit Card 'mob'. Now it's all about Oracle and, imo, a miraculous upfront payment. Seriously, even if NOR announces a big deal with/without upfront payment, I wont believe it until I see the financials.

    I wonder what drove NOR to fess up re: previous deals?
    NOR Price at posting: 1.2¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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