Doing a back-of-an-envelope calculation, if I am not mistaken, the available shares for sale in NTC is less than 1% of issued stock. This is a tightly held stock!
The SP took a tumble last last year over what is basically an accounting timing issue. I believe it is grossly undervalued. I've been accumulating lately sub 20c and very glad to have done so. Now that the board has woken up to the importance of a little communication with shareholders, I think the price is set to rise steadily.
NTC has been around a long time. They have had their ups and downs which is to be expected in the Hi-Tech space as you are always chasing a moving target. But they have come through with a strong line-up of products and a proven ability to sell all over the world. They appear to be ahead of the curve and continue to plough resources into R&D.
IMHO once this financial year has finished, it will be an exciting ride. I doubt if you will ever pick up NTC again for under 20c.
=======================
DYOR. My opinion only.
Doing a back-of-an-envelope calculation, if I am not mistaken,...
Add to My Watchlist
What is My Watchlist?