niftycus, yes I am following this one. It is on my radar for the upcoming reporting season. The last 2 periods showed a turnaround may be in play here. eps growth was 542% and 117% those 2 periods over the corresponding periods. The operating margins improved dramatically as did their return on assets. Revenues declined and book value per share went up 69%.
I am watching to see if this can be sustained in first half this year as market has not moved yet and i feel needs to see if this is in fact a real turnaround. Need to improve their financial risk profile - a few of these ratios need to also show improvement.
Do you know when they will report?
NTG
national telecoms group limited