Just took a look at historical net cash to share price.
Since 2008, only in 2010 has the share price been above net cash per share ([Cash - total liab], I ignored all other assets!). I just can't see a catalyst for this to take off...
I have a spreadsheet with these figures and all associated information taken from annual reports, but here's the basic part of it:
Net Cash - share price (avg):
2008: 4.12cps
2009: 2.29cps
2010: -1.16cps
2011: 6.05cps
2012: 3.97cps
2013: 4.02cps
If directors actually did something with cash over the years, maybe the share price wouldn't be so low.
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- chart shows upward swing
chart shows upward swing, page-7
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