punters did not take it up for good reason, the company had been bleeding cash for years, no one could forsee how quickly things would turn around
so now the question is will the market price the stock on a growth PE of 20
if it does the market cap rises to $30million , or 90c plus
You can justify this PE on two grounds:
- the enormous gross margin on non acute sales
- the potential market size with the CEO talking up the overseas potential
good to take profits and keep some for the 2 year view
Ann: Summary of Half-Year Results , page-9
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Mkt cap ! $6.675M | |||
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