Full year results, page-4

I'm totally happy with the numbers. I would have liked 13M+ but I'll take the 12.5M...7 days a week.

What a crap time to release. It's the market and dare I say it...low volume. Less than 2% of the shares are trading after such a positive event. This is the small retail investor spooked. I would have been with them but, there's NOTHING wrong with this company. Only 7 stocks in the ASX 200 are up today.

The company has did everything right.

-The shocker for me was the balance sheet. I thought they'd trim it a bit...They paid off 18M! This is a financially sound and strong company now.

-Minelab. 70% over last half says the GPZ 7000 is selling well. That's all I needed to hear.

-I was hoping for more revenue growth especially for radio but, it was still up as they're early in the new product cycle.

-With it's strong financial position it can do things some other weak companies can't. Make a acquisition at a decent price. Invest more into it's current businesses etc.

-I also like the gold bet...as the world market's get scared...the price of gold will go up. This only helps Codan sell more detectors.

-This stock will trade at a P.E of 25-30 in the next 6 months.

Right now the stock trading at a PE if 13. That's just silly. The company is profitable and growing it's earning at 30-40%. The company also has low debt. Think about it this way. 6 months ago wouldn't you have loved the company to has these full year results? The company is now trading only 15 cents higher than it was then!! What a bargain!

As Warren Buffet says..."Be fearful when other are greedy and greedy when others are fearful."