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Deep Value Investing: Finding bargain shares with big potential by Jeroen Bos

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CHAPTER 16. NORCON

Bought at: 23.5p (average price, bought between March 2012 and April 2013)

Still hold at: 13p (June 2013)

COMPANY BACKGROUND

NORCON IS THE HOLDING company for Norconsult Telematics Limited, an international project management and outsourcing services business which has its head office in Cyprus and operates principally in the telecommunications sector. Norcon – incorporated in the Isle of Man – has only been listed since July 2008 on the London Stock Exchange’s AIM market. It was placed at 69p.

Norconsult has provided project management services in more than 20 countries around the world since 1957. Its projects range from simple studies of limited scope and duration, to a US$233m contract over several years under which ...

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