Norwood chief executive Paul Ostergaard.

Norwood raising falls short of target

Telecommunications company Norwood Systems says it still has enough funds to meet its development objectives for the coming financial year, despite failing to raise a minimum $1 million in a priority offer it previously said would be needed to fund those goals.


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Their World Phone app is total crap.After using it for a while, I contacted their support. They lead you to open an account in order to be able to communicate with them.Unfortunately, the communication is entirely based on automated responses, and there is simply no way that you might reach a real person, ever. Speaking of the support phone number they provide,dialled it like 20 times, and surprise! No one ever picked up the phone. For those who might use this app, and might get into this review, I should warmly recommend to stay miles away off this poorely supported app. Otherwise, you should expect to get stuck in the middle of nowhere, with no actual support.No live words in emails, no one picks up the phone they provided. One more reason to stay away from this scam is, because their link to Privacy policy provided here, returns only an "Oops! That page can't be found".How symptomatic. Also try googling a bit about this obscure company and the destinies of some of their elegant staff. Everything should eventually be clear.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/02/18

1 year TSR5 year TSR
726thNorwood Systems-50%-6%
728thVDM Group-50%-42%
711 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Issued
$0 Issued
$0 Issued
Total value as at the date of the transaction
Source: Morningstar


134th↓Norwood Systems$1.6m
136th↓VDM Group$1.4m
236 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Norwood Systems

13thPaul Ostergaard$2.233m
63rdDavid Wilson$1.044m
286thMichael Edwards$361k
Ranked by total remuneration from all listed WA companies

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