mentioned today in afr p.20, page-11

the afr article was clearly written by a person with little knowledge of nbs; the effect will be a short-term positive for the nbs price: very unprofessional for an investment analyst, but may suit traders.

how can the writer be serious in casually mentioning the chinese contract payment of $10m without mentioning that the balance remains outstanding 7months after the non-budgeted contract was booked just before year-end;

pe ratios, even when 1.7, are pointless if the earnings aren't genuine.

The 'change in govt in malaysia' story/excuse has been accepted by the afr writer, without qualification.

Interesting was:

'I wouldn't hold it for long though the fund manager says'

'the talk suggests Nexbis's downward trend in recent weeks has more to do with fund managers bailing out the stock than with any looming bad news'

!! if there is no announcement soon of projected genuine sales to cover this year's annual costs and last year's real deficit then 2009/10 will be a disaster for nbs.