rock solid price action, page-27

The company is starting to make noise again, which can only be a good sign. We are seeing market updates and BRR interviews, none of which were forthcoming in the downturn, so we can only assume that the confidence is returning to NMS management about the future.

I did like the BRR interview. It gave us just a little more clarity as to where their base revenue comes from. The fact that Lange mentioned the contract tender in Qatar must mean he is confident of winning it.

What I don't get, though, is that the idea of buying and merging companies together is supposed to create synergies that reduce overall costs. With NMS this has clearly gone the other way. I just hope with the new executives coming on board that cost controls will be one of their priorities, because that is something that is obviously lacking (or at least, has been in the past)

Having said that, though, it shows how much they have fallen out of favour with the instituional and broking investment community when Hartleys only has them as a spec. buy and Patersons has them as a hold at 24 cents.

I would also like to see more director buying. Isn't Lange on close to a 7 figure annual package? hmmmmm...