nco & patpong road

Looking at the NCO quote today (13 Bid/22.5 Ask), a thought crossed my mind - the spread is probably wider than the openings on some of the girls working on PatPong Road in Bangkok.

I last posted on NCO a couple of months ago. Since then, there have been no reports (other than quarterlies etc.) & very little volume (as usual).

As previously posted, I am a big fan Of Colin Ikin, due to the fact that I have ALWAYS made money investing in his companies. NCO is Colin's new baby. It's not a matter of IF but WHEN a deal is vended into NCO that will seriously re-rate the company & the share price. That it has taken so long to find a deal makes me think that Ikin is looking for something BIG, as:
1. Colin doesn't waste his time on small stuff;
2. Big deals are usually more complex & difficult to close than small ones; &
3. Small deals are a dime a dozen.

The company has referred in past quarterlies about assessing other deals and we all know what happens when you put a big engine in a small car...

In the meantime I sit, watch & accumulate knowing that at some time - perhaps tomorrow, perhaps next week, next month, or some time thereafter, this stock will run. And when it does run, due to it's small issued cap & tight register, it will run hard, REAL HARD.

When that day comes, for holders of the stock, it'll be more fun than watching ping pong on PatPong.