Delphi, I agree with you and I actually recorded my underlying PE for the year at 4.79 so we both have the same views. I bought 405,000 of the sales yesterday so almost 1/3 of the total turnover. I did not think they would be falling down to 9c.
The other figure I think is outstanding is the share price compared to the market revenue. At 9.5c, the market cap is $13.68m. The revenue for the first half was 163.345m and the revenues have been up around 300m for the last two years. So the revenue will be more than 20 times the market cap. That doesn't happen very often. This stock has net cash of 2.05m so it is not using debt to get that big revenue either.
Surely we will get a recovery in the share price.
GPASAS
ASH Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held
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