NetComm and Ridley surge ahead

NetComm, the broadband products provider, has won a much-anticipated contract as Ridley, the animal nutrition firm plans to recycle a property into a feedmill with huge advantages.

It has been five months since we first flagged the potential for NetComm Wireless to win a large contract in rural broadband to expand on its successful work with the NBN (see NBN rolls out higher earnings for NetComm, June 29). Since then, the NTC share price has rocketed by more than 280 per cent.

Last week, we indicated that the market was hotly anticipating NetComm to make an announcement on this front (see NetComm flies as Capitol slips, November 23). On November 25, that announcement came — and it’s a genuine game-changer.

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