The increased volume is a positive sign prior to the results being published.

Does any one expect a sharp rise after the results, or will the price remain the same even after good results which has been the case with these shares for a while now.

I'd be interested to hear your views.

Cheers

A bit of activity from mid morning. L2 looking brighter at 2v1.

Well, an interesting set of results and useful commentary from key board members alongside them. Broadly as expected, hence the lack of fireworks (so far).

I see that the AFX version of events is purely historical, and it is a shame that one cannot infer from it that the company as of now is actually trading profitably.

The juiciest part of the RNS (third to be issued on my source)is that there will be no more goodwill amortisation which, while not being a cash item nevertheless had to be shown as it reduces the declared profit. So that is an immediate boost to future results from interims onwards.

Less agreeable is the situation with the Exchangeable shares now down from 131m to 94m. A key unknown will be the rate of further reduction in this factor, and reslting sales of shares into the market. Nevertheless it is not a new matter, and therefore it must be fully in today's pricing. As long as NSB continues on the right path I would expect the resulting increasing interest in the company to easily absorb this.

Yet to come are :-

1. Press comment - favourable
2. Broker revisions - upwards
3. New price targets - upwards

The company has now passed the key transition point from being unprofitable to profitable. The chart shows an upward trend, higher lows etc, etc, and all it needs now is time for the magic to work.