We desparately need some sort of update from the company as to how the second half is tracking. The recent share price activity tends to suggest that there are people that know how they are going, and that it isn't great.
The complete lack of news from the company in recent times has become nothing short of farcical. Whatever happened to the regular BRR updates? Investor presentations? The broking and institutional community have completely lost confidence in the story. 6 cents away from float price, and we are now in a worse position than when Christian took over.
Even at these levels, clearly the directors don't see it as cheap either, otherwise they would be buying. There has been absolutely zilcho of that.
It cannot be blamed on global activities alone. Plenty of other companies in the sector are holding up a lot better compared to Neptune.
NMS Price at posting:
10.8¢ Sentiment: None Disclosure: Held
