re: who are the suckers calling ntg buyers suckers After a 5 minute look at NTG's Q1:
The key is the drastic reduction in staff costs following from their reorganisation.
Their gross margin on sales looks like ~18,608/15,553 =~20%
And staff costs are significantly below that.
Hence a modest positive OCF which looks sustainable.
Their debt of $0.4m is miniscule, and their cash of $6.058m looks very healthy.
They appear to be moving from a punt to an investment and I'm happy to hold.
NTG
national telecoms group limited
