price engineering, page-3

An intelligent question Manjapra.

When this nbs saga is over, the true believers will need to ask themselves whether they focused too much on the postings of other tb's, optimists and nbs insiders.

There have been sufficient warning signs, but like all faiths the tb's seek validation and confirmation of their view, rather than considering an objective rational approach.

Your question is a part of a rational approach, and there have been, amongst all the hype attempting to promote the nbs faith, several posters who have drawn attention to the reality of the nbs business:

Morley in one of his postings referred to the anomaly that the China sale which was 90%? of the year's turnover was not even referred to in the yearly forecast given only some months earlier; it appeared from nowhere; indeed, even after the year-end (until the accounts were published) there was no indication that the China sale would be the transaction which would convert a massive loss into a profit-meeting target.

and my own postings, including the reference to the relationship between the sale value of the China contract and the apparent lack of any labour cost to produce it (costs to the 2010 year?)

There are other postings drawing attention to something seriously wrong with NBS, its accounts and business, and if one focuses on these for a moment, rather than on the tb's, then a more objective conclusion can be drawn.

The share price support is a mystery; some element of support would have been provided by:

S&P recently announced that nbs would be included in the 'top 300'; this will continue to bring-in long term investors who would have looked at the fundamentals of the company's financials and assumed they were correct.(S&P's evaluation process is 100% based on capital size of a company and is not related to quality or performance.)

In a posting on HC a few weeks ago there was reference to a positive press coverage in I think the Netherlands, so that would have had a buying effect.

and the low pe ratio is attractive to punters generally and not just HC posters.

Apart from those reasons, the sp support is a mystery to me; I would have thought that all the HK/company connected shareholders would have baled-out by now; it's a mystery why we haven't seen a shareholder notice of reduction in holdings: the volume has been very high, and if that turnover was not simply traders trading high volume, then large sellers have been dumping. An ASIC investigation at a later date should reveal some of the shareholder truth.

If the China cash is received, then the risk of the the tb's in holding NBS might have been worth the roller-coaster ride, but if that China sale was at the expense of costs to be borne in 2010 then even that China cash may not benefit the sp; we should know directly or indirectly from the progress report and forward estimates for 2010, which should be delivered by the company in the next few weeks.

I sold-out mid September.