NBS nationwide building society.

The announcement is remarkably vague - though the story has been...

  1. 298 Posts.
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    The announcement is remarkably vague - though the story has been convincing enough for parties to front up with $9m.

    Orbis keeps buying - hard to know why.

    The acquisitions are obviously strategic because one presumes there is little revenue from these entities - even though they both have blue chip client bases! Apparently meant to be "long term accretive EPS" - well that wouldn't be hard at present, ... but hopefully it is because otherwise why buy these entities?

    NBS has gone from $65m revenue pa to $2m in last six months & seem to be able to have glossed over this point. This in itself raises many points about past disclosures, ...

    Yes pause before taking up the share purchase plan offer!
 
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