HIT 2.33% $2.10 hitech group australia limited

Ann: HIT Performance Guidance FY2017, page-4

  1. 605 Posts.
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    Good news again,based on 20% growth,last year was 18 mill revenue so looking at circa 22 mill revenue this year. Gross profit was 3.8 so 4.5 this year. NPAT should rise correspondingly so looking at 2.5 mill. Cash in excess 5 mill no debt.

    Can't really see why it should be valued anything less than 25 million for the whole business. Share price should be 70c minimum.
 
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