I hear your frustration, but unfortunately we are stuck in one of the biggest bear markets in history. You say cods wallop, but that is the reason for all this happening.
You may criticise Lange for not utilising the advantage they have with NEPSYS. I am not in a position to judge that. No doubt on that you are more informed than I. But at the end of the day, NEPSYS is not going to deliver them 8 figure contracts. Have a look at my previous post re the annual report and check out the figures that Tri-surv produced. The integrated services model has the potential to deliver much larger profits in the long term, IMO, than what NEPSYS does.
Just to give you an idea, if you look at the research pages on commsec, NMS is trading on a FY2009 PE of 5.9. Well BHP is right there with them trading on a PE of 6, so there are plenty of undervalued stocks out there at the moment.
That doesn't help you or I, but regardless of what you say the current market conditions are the main reason for this dramatic sell down.
Having said that, their disappointing first half result last year and the profit downgrade would definitely have damaged market sentiment towards the company, so they need to really deliver in the upcoming quarterly and hopefully things will start to turn around. I have little doubt the market will not be satisfied with them merely meeting expectations. They really have to outdo those forecasts this year and I think they certainly have the potential to do that.
Hang in there.
NMS Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
