NOR 4.26% 4.5¢ norwood systems limited

Great to hear from you Billy, your dulcet tones have been...

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    Great to hear from you Billy, your dulcet tones have been missed.

    You will have of course seen that the business of NOR has been plugging along in much the same manner as always with the one notable exception. PO has formed a new private company, Avicena, which is providing WA Gov grant money to NOR via a software development contract. Somewhat confusingly PO trumpeted this contract in the latest 4C as "highlighting the value that third parties place in our technological capabilities".

    You will also be pleased to know that according to PO "the Company continues to experience no material operational impact from COVID-19" but nonetheless "anticipates qualifying for ongoing government Covid-19 allowances in respect of some of its staff".

    These new revenue streams seem to have made all the difference to the viability of the business over the last few months.

    Other than that PO continues to confidently anticipate potentially material progress with developing key opportunities and reports still being afoot.

    Hope you stick around!


 
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