Northgate Information Systems - Strategic Repositioning And Reason To Buy

Well it is now clear that the so-called derampers were totally accurate with their comments about the state that NIS was in.....

It is in some respects clearly at odds with their confident messaging to the markets..I am no insurance expert, but if clients should start demanding compensation, would NIS's insurance pick up the entire bill given their admission about the impact of the timing of the blast?

I can easily see this go much lower before it recovers, and whilst they are unlikely to lose clients in the short term (too complicated to move easily) given the public sector they operate in and the need for full disclosure when tendering, I wonder how many short-list they won’t make in the near future and what impact this could have on revenue growth?

Regards

T..