Sell side thinning out - Ready for next Leg up, page-33

There may be a few traders who would be looking to trade the 4c or yearly announcement that will potentially be buying over the next month (maiden profit for the yearly and 4c looking like about $3M cash profit, there must be some interest, I thought that is why we have the ability to filter stocks to pick up these little gems, or BIG ones in this case) Interesting that the last announcement did not put a rocket under this, but I am happy it did not as I had a chance to pick up some more options. There are a few reasons that I can think of for the SP to be so low and they are: not much free float (bigger players will need to pay a big premium for a worthwhile holding), no need for a CR (therefore no need to pump up the price, strange how companies that need finance are the brokers sweethearts) and finally they are still a small cap (risks involved cause expected ebit and PE multiples to be lower until the company can prove itself, how else did we buy BHA for only 4 times EBITA. IMO this will change very soon when an annual profit is reported, double current SP by the end of September once this gem pops up filters due to being a profitable company, keep in mind there are probably 10 times the number of investors that will start to be interested). All in all I don't think the market can ignore $10M rolling profits pa with the market cap sitting at these levels for very long. I am not saying I don't get nervous every now and again but all I do is look at the numbers and wish I had some more free capital to invest.