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4.9¢ norwood systems limited

The only desperation I’m aware of is the relentless constant...

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matty87

706 Posts.

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16/09/20

07:03

Post #: 47370671
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Originally posted by DoubleDown! ↑

Morningstar QA valuations are notoriously useless. Looking to those for salvation is like looking to the holders register for salvation - it shows desperation.

Though it has to be said that the market values Norwood at $7m which makes the Morningstar valuation $10m. In terms of the ASX chooklotto, $3m is neither here nor there.

Even if you think about the 8c option exercise price, that's a company valuation of just shy of $20m. With today's PE you only need to be making a few hundred grand in profits to achieve that. It's such a low bar. Almost inconceivable that a vaguely competent management couldn't make that happen.

And yet here we are, not a single shred of progress, no announcement, no update - nada. And holders couldn't care less, no demand for progress, no accountability for failure. I think that's what makes this company so enthralling to watch, the behaviour that surrounds it is simply bizarre.

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The only desperation I’m aware of is the relentless constant posts from the ‘sell’ not held posters
Do some more research, to me it seems the Spark Vm upgrade has commenced

NOR Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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(20min delay)
Last 4.9¢		Change 0.000(0.00%)		Mkt cap ! $23.20M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	50000	4.8¢

Sellers (Offers)

Price($)	Vol.	No.
5.0¢	129458	1

View Market Depth

No.	Vol.	Price($)
1	50000	0.048
1	150000	0.046
4	209717	0.045
1	375000	0.044
2	175000	0.042

Price($)	Vol.	No.
0.050	174744	2
0.052	60200	1
0.056	136182	1
0.057	59000	1
0.058	37000	1

Last trade - 15.11pm 07/05/2024 (20 minute delay)

NOR (ASX) Chart

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