NTC - NetComm Wireless

[greggles]

Unbelievable ….. Tough market …. NPAT of $8 million with $27 million in the bank and a Market Cap of around $200 million as of yesterday …… (40% less today so approx. $120 million MC today ……

Hate to see what would have happened with bad numbers

There seems to be some confusion about this selloff on other forums as well. Some are suggesting that a holder with a lot of stock has been unloading some although there doesn't seem to be any basis for that view other than suspicion.

My view is that NTC appears to be very good value at current prices and if I had some spare capital I would definitely take a position. If I am missing something then someone please let me know.

 

[aus_trader]

gobsmacked seeing this SP !
I couldn't find anything horrible in the Annual Report either...

 

[InsvestoBoy]

Anyone know why NetComm Wireless was dumped so heavily today? At first glance their FY18 financial results didn't look so bad, but perhaps I'm missing something?

Good or bad doesn't matter, what matter is was it as good as expectations.

If the market is pricing in (for example) 100% revenue growth but the company only achieves 50%...

 

[MrChow]

Don't they have relatively short term contracts anyway so it has limited effect for 3-4 years down the track.

 

[doogie_goes_off]

Netcomm appears to be slowly building a base after being sold down on profit forecasts. NTC delivered a strikingly high revenue growth of 69% over the past year. With zero debt on the books, I'd say that there is a buying opportunity here, clearly the market had previously factored in a miracle. Perhaps this will be one to buck the trend.

 

[greggles]

NetComm Wireless recovering very well today following the release of their FY19 First Half Year Results, which confirmed that NTC is growing strongly. Here are the details:

The company said that the record revenue of $94.3 million in 1H19 was underpinned by strong Fixed Wireless and Network Connection Device (NCD) orders. NTC has invested heavily in 5G technology and have said that they are well positioned to be early to market with a commercial fixed wireless 5G solution.

NTC has gapped up nicely this morning and is currently trading at $1.03, up 45.07% from yesterday's close. Today's outstanding financial results and price action would seem to indicate that NetComm Wireless is on the mend at last.

 

[Smurf1976]

For those not aware there is currently a takeover offer at $1.10 per share.

Just for info, I do not hold.

 

[System]

On July 2nd, 2019, NetComm Wireless Limited (NTC) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between NTC and its shareholders in connection with the acquisition by Casa Systems, Inc. of all the issued capital of NTC on 1 July 2019.