NOR 0.00% 3.2¢ norwood systems limited

App Annie Rankings, page-1958

  1. 3,089 Posts.
    Ha ha ha ha.......for someone who post regularly on BRN, that is quite a statement! Pathertic (several attempts in a couple of days) to try and panic people into selling out.

    What was it with BRN sp - remind me again? High of 62 cents back in late April 2015, then rapidly down to 40 cents (hours to a couple of days) and now at low 20 cents? So, is there something really wrong with BRN?, given it is a similar scenerio.

    I would argue no - in the case of both stocks.

    These stocks get played by the DTs, as you well know - and by unexpected news from left field, whether it be at the macro level (China; oil price etc) or the micro level of the company itself shooting itself in the foot.
    (cap raising at 8 cents when sp was over 13 cents). Same happened to RYG the past week, for the same reason.....and the DTs and short termers got badly burnt. Plus all the other stocks they have got burnt by through massive sp falls.
    Even SMA, with millions of dollars in revenue each quarter and increasing, is having the sp kicked down.

    NOR is a long term investment. Sales (downloads ) have increased by a massive percentage, in a short space of time (only 6 weeks in the case of the Android version).

    Costs are decreasing per download (as stated in the glossary) as the fixed and variable costs get spread across a greater number of downloads. Just like Economics and Accountancy says will happen.
    Apart from the cap raising price (mates rates for Perth mates)?, NOR management have not put a step wrong.

    Two million seven hundred thousand downloads as at last fortnightly report is equal to more than 10 per cent of the entire Aussie population buying the app......except the downloads are spread across a world population of 7 Billion.
    When you can have more downloads in a period than the world renowned app names, then you must be doing something wrong.
    In travel, GROSSING category, NOR really have no competition challenging World Phone.

    This is just the warm up exercise. The race begins when the add ons (WP to WP) and other apps come on board.
    The costing is already changing to one that will increase profits. Plus, World Credit about to happen and tie ins with Stripe and Peppermint Innovation.

    Last but not least, there are posters on here who bought in at 2.5 cents or lower. NOR has increased, even at the current sp, a lot more than 200 per cent since listing last June.
 
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