auspine - great results

Auspine 6 month results are out

I think this is a great little company and well undervalued by the market:

Profit $8.9m up nearly 30 %
NTA $3.57
Share Price around 2.35 - 2.40 why ??

Dividend up 14 % for the half year to 8c
If this is repeated for full year it is a 6.5% fully franked return !

Prospects appear quite strong for next 6 months and has such strong cash flow it is currently involved in a share buyback.

As I say, I think this is a great little company - any other opinions ?