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NEB will fly: here's why

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Mercier et Camier - Thu, 30 Dec 04 :

No conspiracy theories are at work here. In its entire corporate life NEB has never ever released any contract wins as an individual RNS. This was primarily due to the fact their customers are local/central government and associations who simply prefer discretion. From the 1st January 2005 under the Freedom of Information Act such contracts will be public knowledge. From that date you need only have to write to NEB or the public authority for information regarding the contract. They have 20 days in which to tell you.

I expect NEB to start moving up from the start of the New Year. Government and European internet accessibility initiatives will bear heavily on all sectors of society. IT outsourcing to increase efficiency and reduce costs in public and private sector will have a major impact on NEB's business. Take a look at Netstore their line of work is similar to NEBS and they trade at 10 times our market cap with only 4 times turnover.

This stock will be rerated during early to mid January.


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