good post ousia.Totally agree with your view.The fact that NBS...

good post ousia.

Totally agree with your view.

The fact that NBS is Debt Free should also be rewarded - it should trade at a higher p/e multiple just for that reason.

How many debt free companies that have growth prospects and can make profits of around $100 mill per annum exist - especially in this environment ?

I only know of 1 - NBS.

usually to achieve growth, companies need to borrow heavily and expand - not so Debt Free NBS.

Also if you asked someone hypothetically to value a company as described above - wouldn't they be instantly thinking of a billion dollar plus market cap ?

I look forward to the FY results and hopefully a guidance/outlook for the 2010 FY and some assurances of payments being received - that should hopefully allay any market fears and start the rerating.