the impossible stock, page-4

Hi Septic1. Always value your thoughts, but I think AusTender value may have been a reasonable indicator that things were running a bit ahead of previous "flat-line". From agm speech:

"The outlook for FY2011 is positive and promising depending on the prevailing economic conditions at the time and the stock market fluctuations.
For the first quarter 2011, I am pleased to report: operating revenue increased by 49% with an increase of 146% in permanent placement income and a 43% increase in contracting income.

NPAT for the first quarter is over $200K (compared to a loss in the previous corresponding period). The market value of our investment in other listed entities has also increased. The prospects for the full financial year appear good depending on continuation of the current market conditions.

Based on internal management accounts for the first quarter of FY2011, assuming similar market conditions, the Group?s expected NPAT for the full financial year will be in the range of $0.5 to $0.75 million."

There you go... NPAT forecast to go from $136k to somewhere around $600k (which is about what I'd calculated). Market cap of $770k at 2.5cps and cash of $535k at last count.

Maybe with this sort of illiquidity/market cap, even a P/E close to 1 won't be enough - maybe will take a div. Though if they achieve range, up to 1cps div may be do-able. Either way, I don't think that (with patience) I'll have to lose on this one.