I've noticed the CFO of Nexbis have bought 500,000 shares and Orbis Investment Fund have increased their shareholding to around 8% recently. These are people in the know, which is a great sign of confidence. They know that there are major contracts in the pipeline. They know the Chinese and Malaysian governments will pay up. These government will abide their contracts, it is in their culture and their interest to do so. Otherwise they will lose face, which is frond upon. Nexbis is in the cutting edge of mobile technology, which I believe is the next big step away from pc home computing. You may have noticed you can use your Blackberry's and mobile phone to do a lot of internet applications. Many telecommunication companies are selling prepaid wireless internet usb sticks to be used on your laptop. Transporting companies are using Nexbis secure up to minute technology to communicate. Nexbis are also involve in a more secure barcode system. Anything to do with mobile and security, you bet Nexbis is in it. We are in the era of mobility and security. I'm so confident I've recently acquire 40,000 shares in Nexbis. I'm more than happy to support a smart Australian comapny.
NBS Price at posting:
44.4¢ Sentiment: ST Buy Disclosure: Held