Using a value model and inputting the following:Current share...

Using a value model and inputting the following:

Current share price: 5c

Book value: 10c
dicsount rate: 13.34%
dividend payout ratio: 0%
1st year forcast EPS: 2.8c
2nd year forcase EPS: 3.4c
Long term EPS: 30%
long term industry return on equity: 10.2%


NMS has a value of 26c

At the moment even with the cap raising it is under-valued. Like Clonemaster said, once deals are made and they receive contracts should be no reason that NMS rises again. The cap raising has been completed, costs have already been reduced with Phase 2 cost reductions commecing soon (if not already implemented) therefore any good news should see a lift in SP however I think there would be some resistance at certain stages from profit takers of the cap raising.

DYOR